RMBS

PHH Corp., Mt. Laurel, N.J., is now looking to sell $150 million in debt to help pay off $250 million of debt that matures in April.

Bank of America is gearing up to sell large chunks of its residential servicing portfolio on a regular basis as it continues to whittle down its presence in the mortgage market, according to servicing advisors and investors who have been briefed on the bank's plans.

Federal Housing Administration (FHA) loans once served a broad spectrum of borrowers until the subprime mortgage meltdown came along and pushed lenders to tighten underwriting standards and credit score requirements.

Freddie Mac is making it easier for investors to track the performance and credit quality of its multifamily MBS known as 'K Certificates.'

Venable has hired a capital markets attorney with a background in derivatives transactions and regulations.

The rising number of MBS lawsuits drove the mortgage litigation index to its highest level since it was first issued in 2007.

In his eight years on the Senate Banking Committee, Rick Santorum was an infrequent presence at committee hearings, even though his office was located on the same floor of the Dirksen office building as the committee's hearing room.

Federal regulators must levy fines against residential servicers under their purview to show there are real consequences for their "severe misconduct," according to Federal Reserve governor Sarah Bloom Raskin.

When foreclosure and short sales are excluded from the CoreLogic home price index, it shows that values declined just 0.6% over the 12 months ending Nov. 30.

Royal Bank of Scotland (RBS) analysts said in a report released today that they disagree with the speculation that the redirection of the GSE fees to pay for non-mortgage related expenses makes a credit rating downgrade is likely.