RMBS

A new fear has began to take hold in the mortgage servicing industry: the GSEs are preparing to hike their minimum net-worth requirement for all customers.

Freddie Mac won’t have to face a lawsuit filed by investors accusing it of misrepresenting the state of its finances in 2007 and 2008, a federal judge ruled.

Redwood Trust filed an SEC registration for a new RMBS deal to be issued from its Sequoia series of deals.

Mortgage performance at national banks improved slightly in the second quarter, and seriously delinquent loans were at their lowest level in three years, the Office of the Comptroller of the Currency said Thursday.

The auction process for the government-controlled Residential Capital Corp. could last for up to five days with the bankruptcy court not approving a winning bidder for almost a month.

Attorney Bart Dzivi, who served as counsel to the Financial Crisis Inquiry Commission in 2009 and 2010, proposes government must help prevent a future economic collapse by promptly and urgently prosecuting top executives for their crimes.

Both TD Bank and Scotiabank may reportedly be among more than 15 bidders for the non-U.S. operations of Ally Financial.

Mortgage applications rose almost 3% on a sequential basis for the week ending Sept. 21

Jeffrey Gundlach, the CEO of DoubleLine Capital whose home was burglarized earlier this month, has offered some $1.7 million for information leading to the recovery of stolen artwork.