RMBS

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.

Redwood Trust, the only firm to publicly issue Jumbo MBS the past two years, earned just $1 million in the third quarter, but its acquisition of nonconforming product in the secondary market jumped by 166%.

Two Harbors Investment Corp., a hybrid single-family residential mortgage REIT, recorded net GAAP earnings of $54.6 million during the third quarter when it completed a secondary stock offering and repositioned its portfolio to anticipate the HARP program change.

American Securitization Forum (ASF) Executive Director Tom Deutsch testified today before the capital markets subcommittee of the House Financial Services Committee.