RMBS

One tenet of real estate investing is that you never should sell a home in a down market. And one tenet of mortgage banking has always been that you don't sell servicing rights in a down market either.

Despite a quarter-over-quarter gain of 4.1%, national home prices are still down over the entire year, according to the Clear Capital Home Data Index Market Report.

Buoyed by gains in mortgage-servicing revenue, Ocwen Financial Corp. in Atlanta reported net income of $26.4 million in the second quarter, up 65% from the $16 million it earned in the same quarter last year.

Pending U.S. risk retention regulations require "careful navigation" by securitization market participants, according to a Fitch Ratings report.

With the likelihood of legislation to create a new housing finance system increasingly remote, the government should still take interim steps to transition away from a system built around Fannie Mae and Freddie Mac, industry representatives said Wednesday.

Freddie Mac reported 30-year fixed mortgage rates averaged 4.39% with an average 0.8 point for the week ending Aug. 4, down 16 basis points from last week.

BMO Financial Group today said that BMO Capital Corp. will be transferred to BMO Capital Partners, a new group under BMO Bank of Montreal's corporate finance division.

BNP Paribas launched its first index on triple-A rated, U.S. dollar-denominated covered bonds from issuers globally.

Russell filed on July 29 a registration statement with the Securities and Exchange Commission (SEC) for Russell Core Fixed Income ETF.

Annaly Capital Management, one of the largest mortgage investing REITs in the U.S., posted net earnings of $120.8 million in 2Q11, compared to a loss of $218.2 million in 2Q10.