RMBS

Lennar Corp. is proposing to sell $300 million in debt, and possible uses of the proceeds include purchasing distressed portfolios of mortgage loans and foreclosed real estate.

The ongoing foreclosure crisis is "not even halfway" over, according to a new Center for Responsible Lending (CRL) study that looked at mortgages originated between 2004 and 2008.

The Office of the Comptroller of the Currency (OCC) issued a report today regarding 12 mortgage servicers' compliance with consent orders issued last April 2011. These orders were meant to correct deficient and unsound foreclosure practices.

Bank of America Corp.'s board has been told the company could face a public enforcement action if banking regulators aren't satisfied with recent steps taken to strengthen the bank, according to a report by Dow Jones.

Nevada didn't explicitly forbid Bank of America Corp. from initiating new foreclosures within its borders last month. But it might as well have done so.

Only a few years ago most of the talk about short sales revolved around how to make the process more efficient — meaning shorter, since on average it lasted anywhere from 60 to 90 days. That worry is a thing of the past.

In a report today, Barclays Capital analysts said RMBS would provide buying opportunities into 2012, but they warned that certain risks could eat into the potential upside.

European market volatility has led some issuers to walk away from issuing European structured finance transactions, according to Fitch Ratings.

Big banks are fleeing the reverse mortgage industry, leaving specialty lenders with more business than they know what to do with.

Bond insurer Ambac Financial has pushed back the voting deadline on a reorganization plan and a plan confirmation hearing.