RMBS

Edward DeMarco, acting director of the Federal Housing Finance Agency (FHFA), on Tuesday named Richard Hornsby as chief operating officer and Jon Greenlee as deputy director of enterprise regulation.

The Consumer Financial Protection Bureau (CFPB) is initiating a process for streamlining and updating its consumer regulations with bureau officials seeking public input on which rules should be looked at first.

Radian Guaranty is seeking waivers in 12 states of risk-to-capital requirements, even though it does have $600 million in capital at the parent company level available to downstream to the mortgage insurer, chief financial officer Bob Quint said during a presentation at the FBR Capital Markets Fall Investor Conference.

For the week ending Nov. 25, mortgage application activity plunged 11.7%, as reported by the Mortgage Bankers Association (MBA). The results were adjusted for the Thanksgiving Day holiday.

The National Credit Union Administration (NCUA) said this afternoon if filed another suit against a big investment firm over the sale of MBS to failed corporate credit unions, this one naming defunct Wachovia Bank and its subsidiaries as defendants.

United Guaranty (UGI) has decided to increase its participation in the newly revised Home Affordable Refinancing Program (HARP), issuing new guidance to servicers of Fannie Mae and Freddie Mac loans.

Roughly 22.1% of all residential properties – 10.7 million units — encumbered by a mortgage were in a negative equity position at the end of September, a slight decline from mid-year, according to new figures compiled by CoreLogic, Santa Ana, Calif.

The Federal Housing Finance Agency (FHFA) repeatedly defers to Fannie Mae and Freddie Mac without independently testing their decisions, according to a report released Tuesday by a government watchdog.

Investors are going to face a shortage of very high quality short-end paper. This is because there is much less being issued than will be maturing through the end of next year, Amherst Securities Group (ASG) said in a report released late yesterday.

Guggenheim Partners affiliate Pillar Multifamily has agreed to buy Fannie Mae-eligible loans sourced by Tremont Realty Capital under a correspondent agreement between the two companies.