RMBS

The Consumer Financial Protection Bureau (CFPB) Tuesday promoted Steven Antonakes to head its bank supervision division and placed Paul Sanford in charge of large bank supervision.

The Consumer Financial Protection Bureau (CFPB) has fielded more than 19,000 consumer complaints about mortgage lenders and servicers with roughly 600 participants receiving some type of monetary relief.

This week’s Amherst Mortgage Insight argued that loan modifications are as important as bulk sales in solving the housing crisis.

An upcoming sukuk backed by properties in the Gulf region is the first RMBS from the region since 2007, according to a source close to the deal.

Credit card ABS issuer Discover Financial Services (DFS) is finally getting its feet wet in the mortgage origination business, but the lender isn't jumping into the deep end anytime soon.

A funny thing is happening to the market value of mortgage servicing rights: as this volatile asset class continues to wane in price, there’s now less of it out there in the world—a lot less compared to the peak of two years ago.

Redwood Trust is issuing another RMBS called Sequoia Mortgage Trust 2012-3 (SEMT 2012-3). Moody's Investors Service, Fitch Ratings and Kroll Bond Rating Agency are rating the deal.

The Federal Reserve Bank of New York is selling assets from 11 CDOs forming part of its Maiden Lane III (ML III) portfolio. Offering circulars were released yesterday.

The chief financial officer of the now-defunct Taylor Bean & Whitaker (TBW) will be spending at least five years in prison for concealing the fraudulent activities of the privately held mortgage banking company.

Wells Fargo & Co. ended March with $1.84 trillion of residential servicing contracts on its books, once again ranking first — but barely growing its market share.