RMBS

Within minutes of Rep. Barney Frank's surprise announcement that he planned to retire next year, industry insiders and political analysts were focused on who would take his place as lead Democrat on the House Financial Services Committee.

Fannie Mae in early November cut 160 full-time workers such as a handful of vice presidents, including one with almost 30 years of service.

Fitch Ratings expects to revise the rating outlook to negative for certain U.S. structured finance ratings. This is a result of the change in the U.S. sovereign’s rating outlook to negative from stable.

Judge Jed Rakoff from the U.S. District Court of the Southern District of New York today rejected Citigroup's settlement with the Securities and Exchange Commission (SEC) regarding the sale of a $1 billion CDO linked to subprime MBS.

Mortgage balances on consumer credit reports dropped by about $114 billion or 1.3% during the third quarter, according to the Federal Reserve Bank of New York's latest report on household debt and credit.

New home sales rose 1.3% in October after September sales were revised downward, according to new government figures released Monday.Meanwhile, the median sales price fell to its lowest level of the year.

The proposed changes to the Standard & Poor's counterparty criteria make them generally more lenient, Royal Bank of Scotland (RBS) analysts said in a report released today.

The Federal Housing Administration (FHA) in early December will seek bids on a small pool of defaulted single-family loans and plans to conduct additional auctions in April and September of next year.

Government officials are likely to lessen large banks' liabilities over how they handled delinquent Federal Housing Administration (FHA)-insured mortgages as part of a settlement with the largest mortgage servicers, according to people briefed on the negotiations.

Rep. Barney Frank, D-Mass., will announce today that he will not seek re-election next year, capping a 32-year career in Congress, a spokesman said Monday.