RMBS

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.

Carrington Mortgage Services has hired Brad Nease as senior vice president in capital markets. In this newly created position, Nease will lead the secondary marketing efforts for the firm’s loan origination business, and will be responsible for product development, investor relations, loan trading and warehouse lending.

An estimated 1 million homeowners with Federal Housing Administration (FHA)-insured loans could benefit by refinancing at today's low rates – but the government's mortgage insurer doesn't think it will happen.

The national 30-day delinquency rate improved by 2% in October over September and by nearly 15% compared to a year ago, according to a new "first look" report from Lender Processing Services, Jacksonville, Fla.