RMBS

The U.S. Court of Appeals for the Eighth Circuit has rejected an appeal from Fair Isaac Corp., Minneapolis, letting stand a judge's ruling dismissing some of its claims before trial against VantageScore Solutions, Stamford, Conn., and Experian, Costa Mesa, Calif.

What was billed as a relatively small exception to a risk retention rule is now in danger of becoming so big it may render the regulation nearly useless.

Bond insurer CIFG Assurance sued Goldman Sachs and M&T Bank Tuesday for fraud and breach of contract involving its commitment to guarantee $275 million of MBS.

Freddie Mac reported new record lows across fixed- and adjustable-rate mortgages for the week ending Aug. 18 on the flight to quality rally based on worries related to global growth and European Union debt.

Democratic Rep. Gary Ackerman plans to introduce legislation aimed at jumpstarting the housing market by providing two new enticements to homebuyers.

Close to 96% of the non-agency RMBS that were either traded/offered over the past month had a National Association of Insurance Commissioners (NAIC) 'NAIC 1' rating, according to a report from Amherst Securities Group (ASG).

Lewtan appointed Salil Donde as chief executive officer. Donde joins Lewtan from Marshall & Swift/Boeckh, a provider of essential property information solutions.

Atlanta-based SunTrust Banks said C.T. Hill, its corporate executive vice president and head of consumer banking and mortgage, would now have his primary focus on the company's mortgage business.

Bank of America Corp. may settle a state and federal probe of foreclosure practices in a deal that allows New York to proceed with an inquiry into securitizations, said a Bloomberg report citing two people with direct knowledge of the talks.

Mortgage application activity increased a modest 4.1% in the week ending Aug. 12 despite further declines in mortgage rates, reported the Mortgage Bankers Association (MBA) this morning.