RMBS

Dutch mortgage originator Obvion issued price talk on it €744.3 million ($1.3 billion) Dutch RMBS dubbed STORM 2011-IV B.V.

The government owned Ally Financial posted a $210 million loss in the third quarter, dragged down by a $471 million pre-tax charge tied to its mortgage servicing rights.

Two U.K. RMBS have been announced from Paragon Group of Companies and Barclays Bank.

The list of banks suing MBIA just got smaller. Wells Fargo Bank, formerly Wachovia Bank, pulled out of three lawsuits against the insurer that challenged the New York State Insurance Department’s approval of the restructuring of MBIA Insurance Corp. into two entities.

Mortgage application activity was essentially flat at +0.2% in the week ending Oct. 28, said the Mortgage Bankers Association (MBA).

Europe might be feeling great uncertainty over how to resolve its sovereign debt crisis, but its securitization market has still managed to restart.

Because of still challenging market-making conditions, Credit Suisse Group is set to either downsize or cut altogether some securitization businesses and fixed-income units.

If the Federal Reserve launches a new round of MBS buying it could cause spreads between mortgages and Treasurys to widen — as would be expected — but it also would spur returns for broker/dealers.

Fannie Mae acquired $55.3 billion of mortgages from its seller/servicers in September, its best purchase month since March, and a sign that loan production is gaining traction in the primary market.

Investec has launched a £204 million ($325 million) securitization dubbed Gemgarto 2011-1.