RMBS

GNMA executive Christopher Haspel is, more or less, a household name to lenders and servicers that deal with the government agency, and soon will be wearing a new hat—that of the new Consumer Financial Protection Bureau (CFPB).

The $200 million civil settlement with Regions Financial Corp.'s brokerage unit this week was the sort of case that the Securities and Exchange Commission (SEC) and state regulators believe should guide industry behavior.

A new Office of Comptroller of the Currency (OCC) survey will give home builders and Realtors more reason to complain that banks are continuing to tightened their underwriting standards and choke off credit to homebuyers.

Lawyers for former executives and directors of WesCorp FCU told a federal court here yesterday that National Credit Union Administration's (NCUA) new suits claiming JPMorgan Securities and RBS Securities misrepresented the sale of risky MBS to the one-time $34 billion corporate should disprove the agency’s claims of negligence in a multi-billion federal lawsuit brought against them.

A new avenue of attack may be opening up for investors seeking to force big banks to buy back billions of dollars in mortgages: drag the trustees into the fight.

A report from the National Association of Home Builders (NAHB) found that a decrease in loan limits for Fannie Mae, Freddie Mac and the Federal Housing Administration set to take effect on Oct. 1 would have a negative impact for the housing market.

Freddie Mac's issuance of MBS declined in May for the fifth consecutive month to a 27-month low as refinancing activity continues to wane.

New home sales fell 2% in May after a 6% increase in April as sales continue to be stuck in a low range.

Potential issuers of private-label securities are considering a structure that will require the primary servicer to hand over newly delinquent home mortgages to a special servicer, according to a credit rating agency official.

The House Financial Services Committee has approved legislation aimed to support the growth of the U.S. covered bond market with wide bipartisan support. The bill, named H.R. 940 The United States Covered Bond Act of 2011, passed by a vote of 45-7-3.