RMBS

At the end of May, the combined number of mortgages 90+ days delinquent and foreclosures totaled 4.08 million, according to a report by Lender Processing Services (LPS).

Bank of America Corp. has reached an $8.5 billion settlement with investors over repurchase demands on $424 billion worth of RMBS.

UCM Partners has launched the UCM MIDAS Fund, with $10 million in assets under management.

Mortgage application activity fell 2.7% in the week ending June 24, even as mortgage rates declined to their lowest level since the middle of November.

Bank of America Corp.'s proposed settlement of MBS claims against its Countrywide unit would force private-label investors in 530 Countrywide trusts to accept the bank's $8.5 billion offer, BofA officials said Wednesday.

The fundamentals for private mortgage insurers were supposed to have improved by now. They haven't.

Lawmakers sided with community banks on Tuesday in expressing concern that a pending risk retention rule and other new regulations will soon drive small institutions from the mortgage business.

The American Bankers Association (ABA) believes the role of the GSEs and FHA in the mortgage market should be gradually reduced so that 60% of home financing comes from the private sector with “no government aid.”

Housing prices rose 0.7% in April, snapping eight straight months of declines, as home values increased in 13 of the 20 cities in the Standard & Poor's/Case-Shiller house price index.

The New York State Court of Appeals reinstated a $5 billion fraudulent conveyance and breach of contract lawsuit brought by bank policyholders against MBIA.