RMBS

The Federal Housing Finance Agency (FHFA) is still falling short when it comes to keeping a watchful eye on Fannie Mae and Freddie Mac.

Lewis S. Ranieri, the pioneer of MBS, is proposing a fix for the housing mess that he arguably had an inadvertent hand in creating.

Closing in on the one-year anniversary of its bankruptcy filing, Ambac Financial Group has filed a new reorganization plan that all parties involved have agreed on.

Several large Wall Street firms that played a key role in financing nonprime lenders this week asked a federal judge to dismiss a nearly $2 billion civil fraud lawsuit filed by the trustee of Thornburg Mortgage, the now defunct Jumbo/super Jumbo lender.

House and Senate appropriators are giving Ginnie Mae more flexibility to increase its staff despite Congressional emphasis on budget cutting and reducing deficits.

The Federal Reserve Thursday morning released its 2010 Home Mortgage Disclosure Act (HMDA) database, concluding that a drop in the maximum GSE loan limit to $625,500 (from $729,750) will have only a "small" impact on mortgage originations going forward.

At year end 2010 Bank of America had $2.3 trillion in assets, $230 billion of capital, 57 million customers, ranked among the top firms in nearly every major growth market in the U.S., employed 288,000 people, made $150 billion of community development loans a year, donated $200 million to charity annually, and was one of the largest home lenders in the nation.

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.