RMBS

Moody’s Investor Service called for increased disclosure of both the type and volume of U.K. loan modifications and arrears capitalization.

Barclays Capital economists have revised their projections for the European Central Bank (ECB) base rate and now expect a 25 basis point rate increase in July, taking the policy rate to 1.50%. The ECB also said that another 25 basis point rate hike is likely in December.

The second half of 2011 will bring a very active RMBS issuance pipeline for public and private placement, although this will focus on existing markets, according to Neil Shah, managing director and head of Moody’s Investors Service RMBS business in Europe, the Middle East and Africa (EMEA).

Lender Processing Services, Inc. has appointed Joe Jacquot as senior vice president of Government Affairs.

The Consumer Financial Protection Bureau (CFPB) has received more than 14,500 individual comments on its model mortgage disclosure forms.

Federal Reserve chairman Ben Bernanke expects hiring and economic growth to "pick up" in the second half of this year, but the nation’s central banker did not provide any encouraging words for the housing industry.

Yesterday, regulators voted to lengthen the comment period on the proposed risk retention requirement from June 10th to August 1st. This will provide crucial time for many institutions to formulate and organize comments to be taken into consideration by the regulators.

Figures released yesterday by the U.S. Treasury show that taxpayers collected a total of $12.9 billion in May from the investment and sales of the agency’s mortgage-backed securities (MBS) portfolio.

The Basel Committee on Banking Supervision finalized its review of the Basel III standard for capital treatment for counterparty credit risk in bilateral trades and plans to modify the risk weighting of credit valuation adjustment (CVA), which is the risk of loss caused by changes in the credit spread of a counterparty due to changes in its credit quality.

Paragon published its half-year results for the year ended March 31 and said it plans to return the securitization market again.