RMBS

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.

The 'qualified mortgage' rule that the Consumer Financial Protection Bureau (CFPB) is working on is expected to limit the kind of mortgages that lenders can make – but may also curb the size of the loans they originate as well.

Bank of America Corp. (BAC) is preparing to sell off hundreds of foreclosed homes in bulk as part of its ongoing effort to clear out its inventory of distressed assets.

Mortgages slightly outperformed through Thursday as investors took advantage of cheapening that occurred in the early part of the week.

JPMorgan Chase reclassified $1.6 billion of mortgages as nonperforming loans at the urging of regulators — even though the loans are still in good shape, executives said Friday.