RMBS

The Capital Markets and Government Sponsored Enterprises Subcommittee on Tuesday will consider seven new bills to reform the operations of Fannie Mae and Freddie Mac, including one that prevents the Treasury from lowering the current 10% dividend the two pay to the government.

Moody’s Investors Service has downgraded one tranche from the GSAMP 2007-H1 and placed it on review for further downgrade along with five other tranches from thee subprime RMBS deals.

Stewart Lender Services (SLS) has acquired a majority ownership in PMH Financial.

Fear of getting laid off has home shoppers wary of committing to a mortgage, and those who do want to buy a home continue to find it hard to get financing, a survey found.

Although residential lenders are starting to ponder cutbacks in their ranks, not all mortgage-related firms are worried about their head counts.

Walker & Dunlop hired Douglas Taylor as senior vice president in its multifamily finance unit.

Sheila Bair today officially stepped down as the Federal Deposit Insurance Corp.'s (FDIC) Chairman.

David Tobin, principal of Mission Capital Advisors in New York, attended National Mortgage News' recent Buying and Selling Distressed Mortgage Portfolios Conference and does not agree with those at the conference who said the gaps between bid and ask are too big in this sector.

MountainView Servicing Group, Denver, is offering a forward bulk servicing package where the seller will deliver $25 million to $50 million a month of Ginnie Mae (I and II) MSRs.

While the topic of a House hearing Thursday was supposed to be mortgage servicing standards, the target was really the Consumer Financial Protection Bureau (CFBP).