RMBS

Residential Capital (should be barred from selling its loan servicing unit until it provides more information about the deal, investors who bought ResCap mortgages said in court papers.

Zillow, the real estate Web site, fell yesterday after the SEC asked the company to respond to questions about how it reported revenue.

Ocwen Financial Corp. and private equity firm WL Ross & Co. agreed on Oct. 3 that Ocwen will buy Homeward Residential Holdings.

New York Attorney General (NYAG) Eric Schneiderman made clear Tuesday that investigators are prepared to bring more actions against institutions involved in the mortgage mess.

The Federal Housing Finance Agency has said that The Cogsville Group has purchased 94 Fannie Mae properties in Chicago as part of a REO pilot initiative.

HUD secretary Shaun Donovan has reiterated his call for regulators to finalize a qualified residential mortgage rule that does'nt limit access to “safe” loans.

Almost a month ago Mortgage Industry Advisory Corp. held an auction on $8 billion of Ginnie Mae servicing rights, but the firm has yet to declare a winning bidder on the deal.

Euro insurance companies and funds are now filling the commercial real estate lending gap that was left by banks. However, these firms might not be able to pick up all the slack, S&P said today.

Bear Stearns abandoned its credit guidelines for reviewing borrowers whose MBS it sold to investors over a roughly five-year period beginning in 2003, New York Attorney General Eric Schneiderman charged in a civil lawsuit filed in Manhattan.

Mike Perry, the chief executive at IndyMac before it was seized by the FDIC in 2008, has agreed to settle the last remaining negligence claim against him by the SEC by paying an $80,000 fine.