RMBS

The Office of the Comptroller of the Currency (OCC) received many comment letters strongly criticizing its May 26 preemption proposal. Unfortunately, the OCC largely ignored those criticisms and wrote final rules that blatantly violate the Dodd-Frank Act.

Ocwen Financial Corp. is again helping itself financially by cutting distressed homeowners an unusual break.

Mortgage Electronic Registration Systems (MERS) has added new foreclosure guidelines to its two existing manuals, according to a MERS press release.

An index that gives insight into future home sales rose 2.4% in June after jumping 8.2% in May, a sign that not all consumers are spooked by the housing market.

A Texas investment firm has launched a new fund to invest in subordinated debt and take mezzanine stakes in what it calls “carefully selected” mortgage banking firms.

U.K. mortgage lender Paragon said preparations for its next securitization deal are well on the way.

Freddie Mac reported 30-year fixed mortgage rates rose three basis points to 4.55% with an average 0.8 point for the week ending July 28.

A new report by Amherst Securities Group (ASG) stressed the importance of investors helping the recovery of the still-fragile housing market.

Is the Basel Committee on Banking Supervision building an effective set of capital rules, one that will accomplish the goal of competitive parity?

Bingham McCutchen partner Edward Gainor, 56, has passed away from a heart attack.