RMBS

Cash-out refinancings hit a 26-year low in the fourth quarter as 85% of borrowers maintained the same loan amount or reduced their principal balance after refinancing, according to a new report by Freddie Mac.

The Obama administration is working toward producing a plan to wind down Fannie Mae and Freddie Mac, according to Treasury secretary Timothy Geithner.

Ally Financial just can't escape its troubled mortgage unit, which dragged the company's fourth-quarter results into the red on Thursday.

Fannie Mae did $24 billion of multi-family mortgages last year, of which 98% were put into MBS. The leading Delegated Underwriting and Servicing (DUS) program originator was Wells Fargo Bank.

With Bank of America shedding mortgage servicing rights en masse, and a handful of other megabanks writing down their MSRs because of Basel III, prepayments and other concerns, one might think that the asset must stink to high heaven. Well, think again.

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.