RMBS

Robert J. Shiller, a Yale University economist and the namesake of the closely watched Standard & Poor's/Case-Shiller home price indexes, has been called overly pessimistic for predicting home prices could fall another 25%.

Bank policyholders suing the New York Insurance Department (NYID) and MBIA Inc. say new documents made available to the public show MBIA senior executives concealed critical information from the NYID about the size of future losses at MBIA Insurance Corp.

If Congress does not act in time to increase the federal debt ceiling, the Federal Housing Administration (FHA) will likely shut down — cutting off a key source of mortgage credit for homebuyers.

The risk retention proposal drafted by federal regulators is likely to hinder the development of a private securitization market and make it harder to wind down Fannie Mae and Freddie Mac, according to a new paper by Moody's Analytics.

Mortgage application activity declined in the week ending June 17 with both refinancing and purchase activity lower as mortgage rates crept higher.

The keynote speakers at this week’s American Securitization Forum 2011 annual meeting in Washington D.C. gave a bipartisan call from U.S. representatives to save the 30-year mortgage, saying that without this product a significant portion of homebuyers will not be served.

Single-family existing home sales fell 3.2% in May as April sales were revised downward and severe weather hampered homebuying in the Midwest.

A new ruling yesterday in the U.S. District Court for the Southern District of New York has commingled three mortgage lawsuits against Bank of America (BofA) into one big legal effort, with a Pennsylvania pension fund taking the lead.

The RMBS private-label market will continue to be stalled by the still-weakened housing market, according to a Standard & Poor’s report. The release also warned investors not to mistake a potential flurry of issuance in the coming months with a lasting recovery.

The residential loan market is looking a little better these days, according to a new forecast from Fannie Mae.