RMBS

The changes considered tail risk and stressed the backend of structures, said S&P MD Vandana Sharma in a conference call today.

The REIT wants to service the GSE products through a subservicing firm called Cenlar.

A copy of the memo, written by MBA president David Stevens, says the rules “will likely be proposed with some comment period.”

The Federal Housing Finance Agency on Wednesday slammed plans by some local governments to use eminent domain to refinance underwater mortgages.

The bank plans to complete its first Ginnie Mae HECM MBS deal next month.

Refinancing and purchasing activity were both lower in the week ending Aug. 3.

Roughly 60% of the banks listed capacity constraints and cross-servicer refinance issues as hurdles to refinancing more loans under the program.

The CoreLogic house price index rose for the fourth consecutive month in June and the vendor’s chief executive expects prices will remain positive during the second-half of this year.

Dealogic said that U.S. marketed RMBS volume is currently at $186.2 billion for 2012 year-to-date, which down 34% compared with 2011 year-to-date at $282.6 billion and the lowest year-to-date volume since $167 billion issued in 2009