RMBS

The Federal Reserve Board today released action plans for supervised financial institutions HSBC North America Holdings, Ally Financial, and IMB HoldCo.

Servicers have increasingly opted to stop advancing principal and interest payments on delinquent subprime loans. This trend can have broad implications for bond values, FTN Financial analysts said in a report.

Sen. Chuck Grassley took the Justice Department to task Wednesday for its fair lending settlement with Countrywide Financial Corp., saying it will have minimal economic impact for affected borrowers.

For the week ending March 8, Freddie Mac reported 30-year fixed mortgage rates averaged 3.88%, down two basis points from last week and one basis point above the recent 3.87% record low.

The Treasury Department said Wednesday it is selling $6 billion of its common stock in American International Group (AIG), half of which AIG intends to buy itself at the initial public offering price.

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.