RMBS

Mortgage fraud continued at elevated levels in fiscal year 2010 and the Federal Bureau of Investigation (FBI) continues to "dedicate significant resources to the threat," the agency said in its FY 2010 Mortgage Fraud Report.

An "unprecedented crackdown." That's how Commissioner David Stevens described a get-tough program that took place under him at the Federal Housing Administration (FHA) from mid-2009 until April of this year. As part of the push, the FHA's Mortgage Review Board issued more administrative actions against lenders in Stevens' first year than it had in the prior eight years combined.

Fitch Ratings has affirmed the U.S. long-term foreign and local currency Issuer Default Ratings (IDRs) and Fitch-rated U.S. Treasury security ratings at 'AAA'.

Moody's Investors Service's index of cumulative defaults for Spanish RMBS rose to 1.98% of the original balance in June compared to 1.89% in March.

More homeowners say they are under water on their mortgage and more Americans are pessimistic about house prices, according to a quarterly consumer survey by Fannie Mae.

The National Information Center released consolidated financial statements for bank holding companies for 2Q11.

Even though more nationwide consumers are paying their credit card payments on time, mortgage delinquencies of 60-days or more have increased since 2007, according to an Experian report.

Fitch Ratings has finalized its new criteria for projecting losses on prime RMBS.

U.S. subprime credit default swap prices recovered in July after being adversely affected in June by the Maiden Lane auctions and the problem looks unlikely to recur, according to Fitch Solutions' index.

There is no plausible manner for Bank of America Corp. (BAC) to disclaim the Countrywide Financial Corp. (CFC) bonds, according to analysts from Covenant Review.