RMBS

The new repo line allows the REIT to sell to, and later repurchase from, BofA newly originated residential mortgage loans that it bought from correspondent lenders and held for sale and/or securitization.

Year-to-date 2012 volume in the sector has hit $922 million versus the record $21.4 billion issued in 2011 year-to-date, Dealogic reported.

The New York Fed will be offering non-agency RMBS contained in Maiden Lane III through sales scheduled for tomorrow.

The probability of a third round of quantitative easing might have declined but it is still above its lows of the spring when odds dropped to between 20% and 30%.

San Bernardino County moved a step forward Thursday with its plans to restructure underwater mortgages through the use of eminent domain.

In a letter spelling out the potential harms to the market, the American Securitization Forum said that these deals should not be classified as commodity pool operators.

The Treasury Department’s decision to change the terms of Fannie Mae and Freddie Mac’s bailout agreements will ensure their financial stability and that of the entire mortgage market, the Federal Housing Finance Agency said.

The Treasury Department on Friday said it is restructuring the terms of its investment in Fannie Mae and Freddie Mac, which could render them more dependent than ever on the government.

The recent weaknesses in the U.S. and struggles in the eurozone's sovereign debt loans have continued to keep prices lower for structured products, SecondMarket said.

BShould the FHFA raise fees high enough, it could eventually resurrect a private securitization market and shrink Fannie and Freddie.