RMBS

Higher rates pressed on refinancing activity in the week ending March 23. According to the Mortgage Bankers Association (MBA), the Refinance Index declined 4.6% to ~3438, its lowest level since early December.

In a departure from recent tender offers in Europe, Spain’s Bankia had a higher-than-expected take-up, according to a release by Barclays Capital analyst Dipesh Mehta.

CRE Finance Council Europe (CREFC Europe) has appointed Peter Denton as chair-elect of the group.

Freddie Mac purchased $37.6 billion of residential loans from its seller/servicers in February, a 10% increase from the prior month, and a sign perhaps that Bank of America's recent decision to quit Fannie Mae is helping Freddie.

Prudential Financial Insurance (PFI) is marketing a new hybrid deal that according to market reports is backed by subprime residential mortgage backed securities and guaranteed by the insurer.

Standard & Poor's said Tuesday that home prices fell in January for the fifth consecutive month, reaching a new low for the housing bust.

Investors who purchase distressed loans at a discount are among those in a good position to sense how problem assets might best be resolved, and one of these players believes more aggressive refis and mods and fewer government constraints on lending could help.

It is hard to deny Richard Cordray's hiring to run the Consumer Financial Protection Bureau (CFPB) nearly four months ago is a flash point in continuing debates over regulatory appointments and implementing the Dodd-Frank Act.

Analytics provider CoreLogic has a new service to assist originators identify potential loans that can fall under the Home Affordable Refinance Program 2.0 (HARP 2.0).

Volumes for non-investment grade bonds steadily increased throughout 1Q12, with three spikes happening on Jan. 19th, Feb. 8 and 28 that coincided with the dates of the New York Federal Reserve’s Maiden Lane II sales, according to Bank of America Merrill Lynch data.