RMBS

The Comptroller of the Currency (OCC) reported an acceleration in foreclosure actions during the third quarter as servicers lifted voluntary moratoriums implemented in late 2010 as the robosigning scandal escalated.

The Federal Housing Finance Agency (FHFA) believes California Attorney General Kamala Harris is pestering Fannie Mae with stupid questions. Whether that opinion is enough justification for the government-sponsored enterprise to ignore her queries is to be determined.

A federal judge issued a ruling this morning suggesting that the statute of limitations may have expired on National Credit Union Administration’s (NCUA) claims that Wall Street banks sold MBS they knew were faulty to corporate credit unions, potentially rendering NCUA suits filed earlier this year moot.

E*Trade Financial Corp. and its insurers have agreed to pay $79 million to settle a class-action suit brought by investors over losses in its mortgage and home-equity loan portfolios.

The American Securitization Forum (ASF) will have California Congressman Ed Royce and Arizona Congressman David Schweikert as keynote speakers at its ASF 2012.

The Justice Department announced Wednesday that it has reached a $335 million settlement with Countrywide Financial Corp., now owned by Bank of America, in the largest fair lending action in history.

Residential loan applications fell by almost 3% for the week ending Dec. 16, despite continued historically low rates, according to new figures compiled by the Mortgage Bankers Association(MBA).

Existing home sales increased 4.0% in November to a seasonally adjusted 4.42 million-unit rate, after a downwardly revised 4.25 million unit rate in October, the National Association of Realtors (NAR) announced Wednesday. NAR announced its benchmark revisions.

Financial analysts are unfazed by Moody's Investors Service's downgrade of MBIA and National Public Finance Guarantee Corp. (NPFG).

The Federal Housing Finance Agency (FHFA) is considering a plan that would help underwater homeowners who have filed for Chapter 13 bankruptcy protection.