RMBS

Federal Deposit Insurance Corp. (FDIC) Acting Chairman Martin Gruenberg will be delivering the keynote address at the American Securitization Forum's (ASF) annual meeting.

Decisions such as the definitions for qualified mortgage and qualified residential mortgage are being made in isolation that will have unintended consequences when they are rolled out, such as limiting competition between private mortgage insurers and the Federal Housing Administration, an executive with Genworth Mortgage Insurance told attendees at the Mortgage Bankers Association’s National Secondary Market Conference in New York.

SpringLeaf Finance Corp., which is partly controlled by the U.S. government, has entered into another round of layoffs, and may have to file for bankruptcy protection, according to industry advisors close to the company.

Industry vendor CoreLogic has decided to close its appraisal management company in Danvers, Mass., according to a memo obtained by ASR's sister publication National Mortgage News.

Moody's Investors Service will rate the new U.K. RMBS deal issued from Santander U.K.'s Fosse Master trust.

On Tuesday, the New York state court hearing the $8.5bn Countrywide settlement case said it will limit the number of loan files to be requested from Countrywide to between 150 and 500.

Bill King joined Carrington Holding Co. as its chief investment officer and head of asset and risk management.

Mortgage application activity recorded a modest 1.7% increase in the week ending May 4 as mortgage rates set new historical lows.

A suit that started with over a dozen plaintiffs against MBIA is down to two after Natixis Financial Products withdrew from the suit Monday.

One of the architects of the $26 billion settlement with five major servicers expects some borrowers will see the principal balance of their mortgages reduced by over $100,000.