RMBS

Municipalities are increasingly holding mortgage securitization trusts liable for the upkeep of properties, which could affect investors' cashflows, according to a new report from Moody's Investors Service.

Bank of America Merrill Lynch analysts said that on the surface, it would seem that the buyout policy shift announced by the Federal Housing Administration on Aug. 26 is negative for GNMA buyers.

The American Securitization Forum (ASF) today just issued a model set comprising repurchase principles for RMBS.

The Obama administration is finally realizing that a major refinancing program to help troubled borrowers could help stabilize the housing market and give the economy a jolt — and it would be particularly effective if it reaches an estimated 11 million underwater mortgagors.

In a widely anticipated move, Bank of America Corp. announced Monday morning that it is selling half of its stake in China Construction Bank to a group of investors for $8.3 billion.

In the Washington Post last week, housing columnist Kenneth Harney took an interesting look at mortgage loans guaranteed by the Department of Veterans Affairs (VA).

In recent weeks Bank of America has been telling analysts and shareholders that it is actively selling mortgage servicing rights while offering little, or no, details on what exactly it unloaded – and at what price.

Ginnie Mae said late Friday that it is expanding the parameters for loans to be repurchased from its trusts to include those that have successfully completed a three-month trial payment period.

Pending home sales declined 1.3% to a reading of 89.7 in July from a revised 90.9 in June, according to a report released Monday by the National Association of Realtors (NAR).

It was business as usual for the financial markets after Hurricane Irene lashed out less destruction than was originally anticipated this past weekend.