RMBS

One of the takeaways from the entire mortgage meltdown and the current brouhaha over Freddie Mac's obscure hedging techniques is this: If you can't explain something, you shouldn't be doing it.

Mortgage rates reversed course after last week's pop with new record lows reported for 30- and 15-year fixed and 5/1 hybrid ARMs, according to Freddie Mac's survey.

Redwood Trust filed a shelf offering with the Securities and Exchange Commission to issue MBS that will be collateralized primarily by mortgage loans secured by first liens on one- to four-family residential properties.

Fannie Mae's issuance of MBS jumped 20% in December after a similar increase in November, according to new figures released by the mortgage giant.

CitiMortgage, the nation's sixth largest residential wholesaler, Wednesday afternoon informed its loan brokers that it will cease table funding loans next week as it prepares to exit the channel.

The Securities and Exchange Commission (SEC) charged four former investment bankers and traders at Credit Suisse Group for their "complex scheme to fraudulently overstate" the value of $3 billion in subprime bonds during the subprime credit crisis' height.

Third-party review firm Allonhill hired Lorie Helms as Chief Technology Officer. The new hire

Investors represented by Gibbs & Bruns have issued instructions to US Bank, Wells Fargo, and Deutsche Bank, as trustees, to open investigations to find ineligible mortgages in pools backing over $25 billion of RMBS issued by various Morgan Stanley affiliates

The Federal Housing Finance Agency (FHFA) is preparing to back away from a controversial plan to overhaul the minimum servicing fees paid on Fannie Mae and Freddie Mac loans, after intense, across-the-board industry opposition to the idea.

The National Credit Union Administration (NCUA) said Tuesday it disagrees with a tentative ruling by a federal judge that would dismiss its suit against RBS Securities in the failure of WesCorp Federal Credit Union.