RMBS

Rep. Scott Garrett unveiled a reform plan on Thursday designed to draw the private sector back to the secondary-mortgage market after troubled Fannie Mae and Freddie Mac are eventually terminated.

ABN Amro has set up a new securitization vehicle that largely mirrors the bank's existing Dolphin Master Trust.

Both the chief executive officer and the chairman of the board of Freddie Mac are stepping down within the next few months, the Federal Housing Finance Agency (FHFA) said late Wednesday.

Freddie Mac reported mortgage rates held fairly steady in the week ending Oct. 27. The 30-year fixed mortgage rate averaged 4.10% with an average 0.8 point, down one basis point from last week, while 15-year fixed rates were unchanged at 4.38%.

U.K. banking group Lloyds priced its latest transaction from its Permanent U.K. prime RMBS master trust.

Greenlight Financial Services, Irvine, Calif., will enter the wholesale channel and hopes to fund its first loan some time early next year.

Quantifi has launched a free online information source for professionals involved in counterparty risk management and credit valuation adjustment (CVA).

New home sales rose 5.7% in September thanks to strong purchase activity in the South and West, according to government figures released Wednesday morning.

Mortgage application activity picked up a modest 4.9% in the week ending Oct. 21 as conforming and Federal Housing Administration (FHA) mortgage rates held steady.