RMBS

One day after his appointment as the director of the Consumer Financial Protection Bureau (CFPB), Richard Cordray sent a clear signal that he intends to move aggressively to enforce the agency's expanded authority.

Talks to sell Citigroup's high-risk-borrower lender, OneMain, have been put on hold given the depressed macroeconomic environment, according to several media reports.

Wells Fargo & Co. has agreed to pay nearly $1 million in restitution to Maryland residents who lost their homes to foreclosure after receiving so-called "Pick-a-Payment" mortgages.

Delinquencies on home equity lines of credit rose a scant two basis points in the third quarter to 1.93%, according to new figures compiled by the American Bankers Association (ABA).

Two high ranking Democratic congressmen plan to hold a hearing later this month in Chicago to highlight the failure of mortgage servicers to adequately maintain foreclosed properties.

Gibbs & Bruns in a release said today that its clients have issued instructions to trustees US Bank and HSBC to open investigations of ineligible mortgages in pools backing more than $19 billion worth of RMBS issued by different Wells Fargo affiliates.

While all eyes were on the recess appointment of its first director Wednesday, the Consumer Financial Protection Bureau (CFPB) quietly released guidance that directs supervised banks to turn over any and all information it requests.

Now that a 10 basis point hike in GSE guarantee fees has been carved into law, mortgage rates could rise by as much as 25 basis points, according to calculations done by Lenders One, a national cooperative of mortgage funders.

Banco BPI launched a fixed price tender offer for ten bonds across three Portuguese RMBS transactions.

Freddie Mac reported 30-year fixed mortgage rates eased back to 3.91% with an average 0.8 point in the week ending Jan. 5. This is from 3.95% and matches the record low set in the week ending Dec. 22.