RMBS

ASR just launched a weekly video news update to give our readers a quick rundown of breaking news throughout the week.

Now that Walter Investment Corp. has officially purchased subservicer Green Tree Servicing, St. Paul, Minn., and its parent company, GTCH Holdings, it has changed certain job duties of executives that joined the firm.

Bank examiners are exploring whether the nation's depositories have accurately valued $845 billion of home equity and second liens, according to seven people with direct knowledge of the matter, according to a report by Bloomberg.

It's not looking good for fans of keeping the higher GSE loan limits, but that hasn't stopped housing, realty and mortgage trade groups from promoting the issue through their elected officials.

Mike Perry, who led IndyMac Bancorp until its collapse in 2008, is trying to rehabilitate his image, waging a public campaign rarely seen from an executive of a failed bank.

A verdict in Los Angeles Superior Court Friday has conjured up a shared happy ending between DoubleLine Capital CEO Jeffrey Gundlach and his former employer The TCW Group after more than two years of legal wrangling.

The rating agencies continue to rework their criteria in an effort to be more transparent in their methodology.

Fannie Mae has apparently doled out part of a large subservicing contract on Bank of America MSRs to the residential servicing division of International Business Machines (IBM), according to industry advisors who have been briefed on the deal.

Some of the nation’s top banks including Bank of America and JPMorgan Chase – which also rank first and third, respectively in terms of housing receivables – flunked Fannie Mae's latest test of mortgage servicers, but the GSE isn’t exactly saying that.