RMBS

The nation's new housing commissioner has a message for the mortgage industry: Federal Housing Administration (FHA) insurance guarantees are falling – and that's a good thing.

The Federal Reserve Bank of New York is reportedly asking for bids for the remaining RMBS in its Maiden Lane II (ML II) portfolio.

The Obama Administration is pushing back against a recent news report that concluded U.S. taxpayers will subsidize the roughly $25 billion mortgage settlement.

Morgan Stanley Investment Management (MSIM) has announced that the Morgan Stanley Opportunistic Mortgage Income Fund LP, which is a fund for RMBS and CMBS investments, held its final close with over $450 million in capital commitments.

The Federal Housing Finance Agency (FHFA) wants to make GSE loan buyback policies more transparent, eliminating uncertainty in the secondary market while encouraging lenders to fund new loans.

Mortgage application activity declined 4.5% in the week ending Feb. 17 with refinance and purchase activity lower, even as there was only a slight change in mortgage rates.

The Federal Housing Finance Agency's (FHFA) new proposal for GSE reform brings little new to the table, securitization experts said.

The Federal Housing Finance Agency (FHFA) is turning its attention to short sales as part of its “servicing alignment” project.

The Mortgage Bankers Association (MBA) expressed its support for the Federal Housing Finance Agency's (FHFA) proposals issued today on the next steps in GSE conservatorship.

Should Ally Financial break itself up, Wells Fargo & Co. would be a "likely buyer" of its North American automobile finance business because it is "one of the few large banks" that could afford the estimated $68 billion it would fetch, Keefe, Bruyette & Woods analysts wrote in a research note Tuesday.