RMBS

A U.K. RMBS deal issued by Clydesdale Bank will offer investors three-year and five-year bonds.

Jobs are what will get our national economy out of the doldrums. Job growth nationally has flattened out, and at a very low rate, over the past three months. But perhaps even more importantly, mortgage job growth has been flat.

Congress did not intend to impose additional legal liability on lenders that originate properly underwritten loans, according to 106 members of the House of Representatives.

A regulator will allow bond insurer MBIA to make a payment on surplus notes issued in 2008, the company said.

In their Securitization Weekly Overview, Bank of America Merrill Lynch analysts highlighted the “unusual” co-existence of the risk-on and risk-off trades that has emerged this year.

After the Federal Reserve Bank of New York made its initial offering in late April of its Maiden Lane III (ML III) holdings, it sold about 58% ($28 billion) of the portfolio, Barclays Capital analysts said in their most recent Securitized Products Weekly.

The Prestwick Mortgage Group is offering, as exclusive broker, $58 million in private investor multifamily/commercial servicing from an undisclosed private mortgage company.

Citigroup executives remain very guarded about the outlook for the housing market and they have no immediate plans to reduce their reserves for possible mortgage losses.

Among the many concerns San Bernardino County’s recent eminent domain proposal highlighted, one that stood out to me was the larger problem with second liens.

Wells Fargo & Co hired 2,000 full time employees in the second quarter to keep up with its growing pipeline of mortgage applications.