RMBS

Domestic banks are the largest holders of securities issued by Fannie Mae, Freddie Mac and similar entities, according to data from the Federal Reserve. (About half of banks' securities portfolios are made up of mortgage bonds backed by the government.)

Lender Processing Services (LPS) hired Nancy Murphy as vice president of investor relations.

Home prices fell 1.1% in September from the prior month and the outlook for the coming winter months – when sales tend to slow – are anything but positive, according to a new report from CoreLogic.

October prepayments were higher than expected across the coupon stack for 30-year agency MBS.

The Federal Housing Finance Agency (FHFA) has the expertise to set servicing, underwriting, and mortgage securitization standards that could lead to the development of a private-label MBS market, according to the GSE regulator.

Given the initial coverage, you might think that the sad story of MF Global’s demise is all about John Corzine.

Although the issue has generally divided Democrats and Republicans, Rep. Scott Garrett, R-N.J. received bipartisan support — as well as a nod from a key regulator — Thursday for his latest proposal to reform the housing finance market.

U.S. District Court for the Central District of California Thursday dismissed a civil claim filed against Lender Processing Services (LPS) by the Federal Deposit Insurance Corp. (FDIC), which accused the mortgage vendor of gross negligence in appraisals conducted for the now defunct Washington Mutual, Seattle.

Selene Finance, a specialty servicer/loan modification company controlled by Lewis Ranieri, has hired Larry Litton Jr. and a handful of top managers from Litton Loan Servicing, Houston, according to servicing executives that have done business with the firm.

Electronic trading platform for U.S. and European fixed-income bonds MarketAxess Holdings just added non-agency RMBS and CMBS to its e-trading platform.