RMBS

Bankrupt bond insurer Ambac Assurance Corp. has sued Bank of America over MBS that have gone sour.

The residential mortgage division of Ally Financial missed a scheduled payment on its debt Tuesday, laying the ground work for an eventual default if the payment is not made quickly.

Political pressure backed with money can be very persuasive in Washington and it may provide relief for some underwater borrowers with Fannie Mae and Freddie Mac loans.

Assured Guaranty is saying Moody’s Investors Service should upgrade its bond insurance subsidiaries rather than continue to consider downgrading them.

CoreLogic has gained approval from Standard & Poor's to provide third-party due diligence for RMBS rated by the agency.

A Consumer Financial Protection Bureau (CFPB) proposal would protect certain information banks provide to the agency, but one prominent group is claiming CFPB doesn't have a right to the information in the first place.

Sometime in June, the long-awaited final qualified mortgage rule will be released. Considerable speculation and debate over variations of the rule have taken place since it appeared in the Dodd-Frank Act. Its ultimate form has implications for access to mortgage credit, its cost, and contingent legal liability, among others.

Oak Hill Advisors has added a partner for its European credit business.

Private-label residential MBS interest shortfalls and liquidity disruptions that Standard & Poor's has been observing are likely to continue for some time, a credit analyst said in an online broadcast.

Mortgage lenders issued $29.2 billion of Ginnie Mae MBS in March, up 5% from the prior month as securitizations of Jumbo and multifamily loans surged, according to new figures released by the government.