RMBS

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.

Flagstar Bancorp must stand trial over charges it breached contracts for financial guaranty insurance on roughly $1 billion in RMBS it had issued during the run-up to the financial crisis.

California Gov. Jerry Brown this week signed three new laws that are part of the Homeowner Bill of Rights.

The National Credit Union Administration alleged the sale of faulty MBS by Barclays to U.S. Central Federal Credit Union and WesCorp Federal Credit Union contributed to their 2009 collapse.

The Mortgage Bankers Association and other industry groups have lined up considerable legal talent to prevent and block any local community from invoking eminent domain.

Richard D. Baum has been elected as chairman of Redwood Trust, the only current consistent issuer of private-label MBS.