RMBS

Hurricane Sandy is likely to affect coastal and some inland regions of several states, but analysts at Standard & Poor's said today that it was still too early to gauge the effects on residential and commercial real estate.

LPS has reached a settlement with the Colorado Attorney General that concludes the State's investigation of the former document execution practices by LPS units,

Once the Consumer Financial Protection Bureau finalizes several mortgage rules in January, the bureau should be prepared to provide timely guidance on implementation issues, according to three industry groups.

It appears that the days of the U.S. Treasury Department doling out money to Fannie Mae and Freddie Mac are just about over, according to a new report from the Federal Housing Finance Agency (FHFA).

Based on volume, this week was one of the quietest weeks since July with many securitization participants were away attending two major conferences through part of the week.

Ally has “launched a process to explore strategic alternatives for its agency mortgage servicing rights portfolio and its business lending operations.”

Chairman of the House Oversight Committee Rep. Darrel Issa has asked NCUA’s Inspector General to investigate the use of contingency fees in civil suits against banks over their sale of MBS to five failed corporate credit unions.

The board of ResCap Thursday afternoon said it approved a $1.5 billion bid by insurance conglomerate Berkshire Hathaway to buy roughly 47,000 whole loans from the bankrupt mortgage company.

Fixed mortgage rates inched up in the week ending Oct. 25 as reported in Freddie Mac's weekly survey.

Nationstar bid roughly $2.907 billion for ResCap's origination and servicing assets, about $93 million shy of the top bid placed by Ocwen Financial and its partner Walter Investment.