RMBS

The apartment sector is projected to lead the housing market on the road to recovery, but growth in the multifamily sector will be highly uneven, industry experts said last week in Orlando.

Federal officials and state attorneys general released new documents Tuesday about the $25 billion multi-state servicing settlement, but still have yet to release a final settlement term sheet.

FICO scores cover a much wider demographic than proprietary models used by ABS issuers to predict collateral performance, according to FICO Senior Director Adem Yilmaz.

The Obama administration is urging Congress to extend a tax provision allowing troubled homeowners that complete a short sale — or benefit from a principal reduction — to avoid paying taxes on the discharged amount of their loan balance.

With its lawsuits hanging by a thread, National Credit Union Administration (NCUA) urged separate federal courts here and in Kansas Friday to allow it to advance its claims and make its case against Wall Street banks who sold faulty MBS that caused the failure of five corporate credit unions.

Just how hungry is Ocwen Financial Corp. for servicing rights? In a new filing with the Securities and Exchange Commission (SEC) the nonbank servicer discloses that it is currently reviewing $300 billion of MSRs for purchase.

The bulk of Italian RMBS could withstand a further sharp deterioration in the economy, Fitch Ratings said in a release today.

The Obama administration on Monday more than doubled to $61 billion a proposed fee it wants the largest U.S. banks to pay for their role in the financial crisis.

If it weren't for a recent legal settlement with Bank of America, the Federal Home Administration's (FHA) mortgage insurance fund would be in the red.

Brazilian Securities, an agency that specializes in securitizing real estate receivables, is currently in the process of selling two mortgage-backed real estate certificates, or CRIs, with a minimum ticket size of R$1,000 ($582), according to a source close to the deal.