RMBS

Federal regulators are seeking public comment on their new Basel III capital proposals and there are hints they may be changing their stance on private mortgage insurance when it comes to calculating risk weightings for residential mortgages.

Mortgage application declined 2.5% for the week ending Aug. 31 despite easing in mortgage rate levels.

The continued price growth in most markets should lead to increased recovery values for non-agency MBS investors, Bank of America Merrill Lynch analysts said.

California Reinvestment Coalition complained that the top five mortgage servicers are stressing short sales under the national mortgage settlement instead of keeping borrowers in their homes.

Walter Investment Management Corp. has agreed to buy Reverse Mortgage Solutions in a deal worth $120 million.

The FHFA study on single-family g-fees shows the fees paid by the five largest lenders averaged 26 basis points by yearend 2011.

The continued difficulty of acquiring repossessed, single-family homes to rent on a significant scale makes it unlikely that these assets will be securitized this year.

Whatever the program's intentions, it is wrong to believe that the GSEs would not be financially damaged by the proposed program.

This month ASR tackles a wide range of topics, from thorny issues such as regulations and eminent domain to the delayed onset of securitization of REO-to-rent homes.

MBS prepayment numbers for August are expected to jump, in part because of an increased number of days on which mortgage holders can finalize a refinancing. The market is projected to see the opposite effect in September, which will have fewer such days.