RMBS

Zillow is projecting that home values across the country are expected to have gone down approximately $700 billion in 2011, which would be 35% less than the $1.1 trillion that was lost in 2010.

Standard & Poor's late Tuesday said it is reviewing its rating criteria for U.S. RMBS backed primarily by second liens.

The serious delinquency rate on Federal Housing Administration (FHA) loans has risen a full percentage point over four months to 9.3% in November.

Investors involved in the $8.5 billion bond settlement with Bank of America Corp. are looking for the case to be moved back to state court, according to a Bloomberg report.

Carrington Holding Co. is trying to raise $1 billion from investors to purchase foreclosed single-family properties that its mortgage services unit will manage and rent.

The Federal Home Loan Bank of Chicago has received the go-ahead from its regulator to begin repurchasing stock from its member banks.

Most thrift holding companies will get a two-year phase in period for following Federal Reserve Board reporting requirements while others will initially be exempted, the central bank said Friday.

House prices fell 1.2% in October after dipping 0.7% in September, according to new figures released by Standard & Poor's Tuesday morning.

There were mixed signals last week on the strength of the economy and housing in particular.

Edward DeMarco, the acting director of the Federal Housing Finance Agency, has one of the toughest jobs in town.