RMBS

Republican presidential candidate Mitt Romney sharply criticized President Barrack Obama’s failure to finalize a “qualified mortgage” rule, which has stifled the housing market.

The Valuation of Securities Task Force, which is a part of NAIC assigned to make recommendations that regulate investment risk, has proposed that the economic scenarios used in the 2012 yearend modelling process for CMBS and RMBS should stay similar to 2011.

One other ingredient critical to Nationstar's meteoric rise is a deal it struck with Fannie Mae at the height of the mortgage servicing crisis.

Brean Capital has continued its expansion into fixed-income products by hiring Scott Buchta as head of fixed-income strategy.

This morning the Mortgage Bankers Association reported a 19.6% surge in the Refinance Index to 5888 in the week ending Sept. 28, its highest level since April 2009.

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.