RMBS

mortgage rates turned lower in the week ending August 30 as yields rallied last week in response to the FOMC minutes.

The agency’s proposal exempts small servicers from just one of the nine categories in the proposal.

U.S. District Judge Sidney Stein in Manhattan today granted preliminary approval to the agreement and ordered a hearing for Jan. 15.

The payment relief includes the offering of principal reductions to 28,000 borrowers and the refinancing of underwater loans.

The Mortgage Industry Advisory Corp. is offering the portfolio in a one-round, sealed bid auction set for Sept. 24

The SEC wants R.R. Donnelley & Sons to turn over certain due diligence records the firm prepared for investment banks that underwrote the ResCap MBS.

The drop, however, was less than the prior week's 9.2% as lower mortgage rates likely sparked some interest.

The investors accused Citigroup of understating the risk of default of the residential loans packaged into two mortgage-backed trusts..

The Bank of England’s program of easy money for banks and building societies may not hit ABS and MBS issuance as much as first thought.