RMBS

The CFPB and FHFA said Thursday they are teaming up to create a first-of-its-kind mega-database of mortgages to track market trends and support policymaking research.

The right price for private capital is a moving target. Much depends on regulations over legal liabilities and risk retention requirements for originators that are still in flux.

Since hitting a record low of 3.36% in the first week of October, 30-year rates have held to narrow range of 3.37% and 3.41%.

However, the widespread damage from Hurricane Sandy might result in a modest and temporary rise in mortgage delinquencies, Fitch Ratings said in a report released last yesterday.

Ally Financial said Wednesday that it has repaid $2.9 billion of debt issued under the Federal Deposit Insurance Corp.’s Temporary Liquidity Guarantee Program.

Opteum Mortgage Insurance Corp. filed an S-3 with the Securities and Exchange Commission to issue RMBS.

Starting Thursday, residential servicers approved by Fannie Mae and Freddie Mac can say yes to short sales without the consent of the mortgage insurer on the loan.

Nationwide Property and Appraisal this week urged lenders to place orders online for natural disaster re-inspections in the wake of Hurricane Sandy.

Mortgage application activity was mixed in the week ending Oct. 26 with refinancings lower and purchases higher.

FHA lenders stuck to their bread and butter product, originating $124.5 billion of purchase money loans in fiscal year 2012 with nearly 78% going to first-time homebuyers.