RMBS

The annual FHA actuarial report showed that loans originated after fiscal-year 2009 downward will perform much better and generate needed revenue for the agency's mortgage insurance fund.

Mortgage application volume decreased by 2.2% on a seasonally adjusted basis for the week ended Nov. 16, according to the MBA.

The affected securities are backed by first- or second-lien residential mortgages, private student loans, RMBS, CMBS and ABS, the agency said.

The move to raise the premium should not become a considerable impediment to refinancing for most FHA borrowers since they can still apply for a mortgage.

New York Attorney General Eric Schneiderman has filed a lawsuit against Credit Suisse for allegedly deceiving investors in MBS.

Most of a lawsuit that charges Barclays with misleading mortgage investors may proceed, a federal judge in Manhattan has ruled.

The agency's president Ted Tozer said the government guarantor has enough cash reserves to handle any potential losses.

ResCap won court approval to sell its mortgage-servicing unit to Ocwen for $3 billion after putting off a fight with loan investors and resolving other objections.

Moody's has downgraded MBIA Insurance Corp. to 'Caa2' and MBIA to 'Caa1.'

The firm's analysts offer their view on the fiscal cliff’s potential effect on each securitization sector and how this impact relative value.