RMBS

PNC Financial Services is taking a look at parts of MetLife Mortgage, according to industry advisors familiar with the situation.

Navigating the non-agency RMBS market is not an easy task given that the market has seen little primary activity in 2011 and lots of volatility on housing stats.

A sell-off this week was boosted by a risk-on mentality based on more optimistic expectations regarding the European Union and stronger-than-expected economic data.

GMAC Mortgage on Friday said it will no longer purchase loans originated by mortgage correspondents or brokers in Massachusetts, citing the regulatory environment in the state.

Amherst Securities Group (ASG) yesterday released a detailed report that examines recent trends in modification activity in non-agencies.

DBRS has created the position of chief credit officer, Canadian structured finance and appointed Jerry Marriott to this role as of Dec. 1.

Confidence surveys suggest consumer borrowing might be stabilizing as the economy shows signs of recovery, but it remains unlikely to increase in the short run, according to a Moody's Analytics conference call on the outlook for consumer finance.

The Bank of Ireland announced the results of its tender offers targeting all outstanding tranches of the RMBS issued by Kildare Securities Ltd. and Brunel Residential Mortgage Securitization No.1 PLC.

Analysts anticipate little fallout from Standard & Poor's downgrade of Assured Guaranty.

The Federal Housing Administration (FHA) is considering raising insurance premiums on loans above $625,500, according to HUD secretary Shaun Donovan.