RMBS

Nationstar, in a new Securities and Exchange Commission (SEC) filing, says it is increasing by $125 million its bid on mortgage-related assets that it hopes to buy from the bankrupt Residential Capital Corp.

The holiday-shortened first week of July and third quarter had its own brand of fireworks with more records set on various MBS benchmarks as central bank easing actions in the European Union and China, along with weak economic news, kept the bid on risk aversion.

Three California local governments may use their eminent domain powers to seize mortgages and restructure them to help distressed borrowers stay in their homes — much to the dismay of investors who hold the mortgages.

Today the European Central Bank's (ECB) governing council announced how the mandatory provision of loan-by-loan ABS data will be introduced into the securitization single loan-level data repository known as the European DataWarehouse.

Reading “The Lost Bank: The Story of Washington Mutual — The Biggest Bank Failure in American History,” journalist Kirsten Grind's in-depth investigation into the demise of Washington Mutual, was an emotional experience for me as a former "WaMulian" and a named character in the book. I knew that Kirsten had really done her homework based on how many times she called me with questions as she relentlessly pursued the story, but I never imagined how much truly stunning information she would dig up. I laughed, I cried (at least twice), and I gasped out loud as I read a story I thought I knew so well. Who knew a book about a bank could be such a gripping read? Who knew there was so much more to tell?

Countrywide's VIP program not only benefited numerous members of Congress, but also assisted a handful of Capitol Hill staffers and Department of Housing and Urban Development (HUD) Secretary Alphonso Jackson as the mortgage lender built a large web of political influence prior to the financial crisis, according to a congressional report released Thursday.

Barclays Capital analysts expressed concern about the "slowdown in the current-to-delinquent roll rate improvement" in a report released yesterday.

The Federal Circuit Court of Appeals has affirmed a lower court's decision that a patent lawsuit brought by CollegeNET against a unit of CoreLogic (CLGX) could not go forward.

Over the past 18 months, KB Home experienced a “great deal of disruption” as Bank of America (BofA) and MetLife curtained their lending mortgage activities, according to the builder’s president and chief executive.