RMBS

Fannie Mae issued $34.5 billion of MBS in April, a 36% plunge from the prior month, according to figures released by the GSE Friday morning. In April its MBS issuance rose 4.2%.

The coming change in the conforming loan limit will have a much larger impact on loans insured by the Federal Housing Administration (FHA) than on those purchased or securitized by either Fannie Mae or Freddie Mac.

Interactive Mortgage Advisors (IMA) is selling a $481 million Fannie Mae bulk residential servicing portfolio that has just five months of seasoning and no delinquencies or foreclosures.

The American Securitization Forum (ASF) will have Securities and Exchange Commission (SEC) Chairman Mary Schapiro as keynote speaker at its 2011 annual meeting in Washington, D.C. on June 22.

The Financial Industry Regulatory Authority (FINRA) has fined Credit Suisse $4.5 million and Merrill Lynch $3 million for misrepresenting delinquency data and inadequate supervision with regards to their RMBS issuance.

Regulators plan to reshape the GSEs by slowly pricing them out of the market, according to a report from Deutsche Bank Securities.

Principia Partners released the latest version of its structured finance platform called Principia SFP.

The U.S. Treasury sold a portion of its AIG shares, in a move that reduces the government's holding by 20%.

Freddie Mac's MBS issuance fell 5% in April following a 38% drop in March, according to a monthly activity report the GSE issued Wednesday morning.

Retail originations by commercial banks and savings institutions fell 30% in the first quarter, on a sequential basis, according to new figures compiled by the Federal Deposit Insurance Corp. (FDIC).