RMBS

At least one dozen — and perhaps more — of Ally Financial’s nonbank warehouse lending customers are searching for back-up lines of credit, fearing the government-owned lender may soon cut back, according to interviews conducted by National Mortgage News this week.

Moody’s Investors Service Thursday issued a negative report on the bond insurance industry.

It appears that higher premiums are starting to have a profound effect on the Federal Housing Administration’s (FHA) “streamline” refinancing program.

MetLife Thursday afternoon said it will exit the reverse lending business — where it ranks among the top five producers — selling the division to Nationstar Mortgage of Texas.

The Federal Reserve Bank of New York just announced that it has sold the entirety of the MAX CDO holdings from its Maiden Lane III LLC (ML III) portfolio to Barclays Capital and Deutsche Bank Securities following a competitive bid process.

Residential Capital Corp./GMAC earned $217 million in the first quarter, but its residential originations plummeted by 53%, as the near-closing of its correspondent division weighed heavily.

The 30- and 15-year fixed mortgage rates eased back to within one basis point of their record lows to 3.88% and 3.12%, respectively, in the week ending April 26 said Freddie Mac.

The Federal Open Market Committee (FOMC) said Wednesday that the central bank will maintain its reinvestments of principal payments from agency MBS and debt holdings into new agency MBS.

Fannie Mae is directing servicers to expedite short sale deals and improve transparency on these reviews.

Price guidance was issued this week for the three-year notes in Leofric 1, which is the debut RMBS from Coventry Building Society.