RMBS

The Federal Reserve Bank of New York said today that Citigroup had won the latest bidding process for another portion of the Maiden Lane III portfolio.

Residential Capital's bankruptcy filing on May 14 is a credit negative for two major bond insurers, Moody’s Investors Service said.

Freddie Mac has released a statement that Bank of America will be repurchasing $330 million loans out of its Freddie pools because of reps and warrants contractual issues.

Commercial lender CIT Group said today it named Neil Wessan a managing director and head of its capital markets group, effective immediately.

Press reports continue to mount over the possible exit of Greece from the eurozone, which can cause Greek RMBS defaults.

The Securities and Exchange Commission's (SEC) response to Royal Bank of Canada's (RBC) request to conduct registered public offerings of covered bonds is likely to fuel growing U.S. dollar demand, according to Fitch Ratings. For ASR's coverage on the topic, please click here.

A federal judge this week dismissed portions of the Securities and Exchange Commission's (SEC) case against two former executives of IndyMac Bank, the now defunct Alt-A giant that was initially started by Countrywide Financial Corp.

Citigroup, a somewhat frequent seller of nonperforming loans, is in the market with a $99 million package of troubled residential mortgages, according to investors that have looked at the package.

The Financial Industry Regulatory Authority (FINRA) has fined Citigroup Global Markets $3.5 million for posting inaccurate mortgage performance data, supervisory failures and other violations connected to subprime RMBS.

Bank of America is in the market with a $2 billion package of mortgage servicing rights tied to loans that reside in private-label securitizations, according to bidders and investors briefed on the package.