RMBS

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.

Nearly 40 senators have now signed onto a measure urging federal regulators to modify a risk retention proposal and adopt changes that would pave the way for a broad exemption for securitized mortgages that have a low risk of default.

Despite lower mortgage rates in the week ending May 27, mortgage application activity slipped 4% with both refinancing and purchase activity lower.

Figures released by Lender Processing Services (LPS) in its April Mortgage Monitor reported the largest monthly increase in delinquencies in recent years at 2.4%. This rise is considerable even though April usually has the biggest rise in new delinquencies.

The Canadian mortgage originator First National Financial Corp. (FNFC) released financial results for 1Q11 and said it increased its mortgage originations by 26% to $2.4 billion from 2010 first quarter results.