RMBS

Radian Group, the nation's third largest mortgage insurer, said in a new regulatory filing Wednesday that it has fired its chief operating officer Robert Griffith and reduced its workforce by 7%.

Dallas County District Attorney Craig Watkins this week filed suit against MERSCORP, seeking a judicial determination of whether the industry's use of the Mortgage Electronic Registration System (MERS) is legal in the Lone Star State.

Today's Freddie Mac mortgage rate survey is somewhat less relevant than it would have been otherwise after yesterday's late afternoon Federal Open Market Committee statement.

The Federal Reserve Wednesday afternoon revealed that it will start purchasing agency MBS once again as a way to help support the mortgage market.

Lender Processing Services (LPS) has released its First Look mortgage report on August 2011 month-end mortgage performance.

Nomura Holdings has hired two executives for its leveraged finance group, a source familiar with the situation confirmed. The additions come in the wake of several high profile departures from the Japanese bank.

A Florida court ruling could make it harder for mortgage servicers to use computer records as evidence for foreclosure without verifying the underlying information.

Moody's Investors Service has downgraded the ratings of Bank of America Corp. (BAC) and Wells Fargo & Co. The rating agency said that the U.S. government is less likely to support the bank, if needed.

European structured finance company Bishopsfield Capital Partners has hired Arjan van Bussel as a new partner to boost its advisory, real estate and structured finance businesses.

An increase in covered bond and structured finance issuance volumes will likely be one of the effects of the removal of implicit state-support for large U.K . banks, according to Fitch Ratings.