RMBS

Walter Investment Management Corp. (WIM) lost $4 million in the fourth quarter and $69 million for the year because of costs tied to its purchase of Green Tree Servicing, St. Paul, Minn.

Proposed changes to the Capital Requirements Directive (CRD IV) – which is the European Union's mechanism for implementing Basel III into law – could cause banks' capital requirements to be diluted.

Judicial Watch has sued the Federal Housing Finance Agency (FHFA), claiming that the agency wrongfully denied a request for documents related to a lawsuit over alleged misrepresentations of MBS.

Kleinberg, Kaplan, Wolff & Cohen, P.C. has hired Howard Mulligan as of counsel in the corporate department.

After peaking at 4538 for 2012, refinancing activity has declined for three straight weeks as mortgage rates remained above record lows.

Conventional 30-year prepayments increased around 12% versus an expected 6%-7%.

Nationstar Mortgage and an affiliate company Newcastle Investment Corp. have agreed to acquire roughly $63 billion in mortgage servicing rights from Aurora Bank, a subsidiary of the bankrupt Lehman Brothers.

The number of foreclosure sales spiked in January as banks and government agencies started to clear the backlog of properties that have been in the foreclosure process for several years, according to data released Tuesday.

As cities and towns across the country struggle to pay bills and prevent troubled properties from giving rise to blighted neighborhoods, they're turning by the hundreds to a new tactic.

President Barack Obama today announced the changes to the Federal Housing Administration (FHA) streamlined refinancings.