RMBS

NewDay USA, a nationwide reverse mortgage lender, Tuesday named former Ginnie Mae president Joseph Murin as its new president and chairman.

The Consumer Financial Protection Bureau’s examination teams are focusing most of their attention on large bank and nonbank mortgage servicers.

The recovery in the multifamily sector is hitting on all cylinders with rents rising, vacancies falling, and accelerating construction, while the single-family market is still on a slow path of revival.

Redwood Trust is back in the market with a fourth RMBS deal of 2012 called Sequoia Mortgage Trust 2012-4.

Prepayment speeds were faster than expected in August, particularly along 3.5% and 4.0% coupons and moderately seasoned 4.5s.

Depositories will continue to enjoy robust residential gain-on-sale margins through the third quarter, increasing both revenues and earnings, Credit Suisse said.

The first week of September was really about the last two days. The European Central Bank made a monetary policy decision on Thursday while Friday's employment report increased the chances that the Fed will implement QE3 this month.

The Securities Industry and Financial Markets Association and the American Securitization Forum wrote letters to the FHFA supporting its stance on eminent domain.

A federal judge ruled yesterday that an agreement between National Credit Union Administration and Goldman in 2010 allowed the regulator to extend the statute of limitations on securities claims.