RMBS

Daryl Schwartz, the acquisition chief for G8 Capital, a private equity fund that invests in real estate and nonperforming mortgages, left the company last week.

Sometimes in Washington, even bad public relations can be good politics.

The Federal Housing Finance Agency (FHFA) is expected to release its long-awaited proposal on changing servicing compensation by July with three main options being offered to the industry, according to servicing advisors close to the issue.

Home prices in March fell for the eighth consecutive month and reached a new low for this housing recession, according to a new reading on the Standard & Poor's/Case-Shiller house price index.

Increased supply, both in the primary and secondary markets via BWICs, and weaker market sentiment have pushed spreads wider.

A significant sector of the housing market is still being driven by sales of bank-owned homes and those in some stage of foreclosure, according to a report out Thursday from Realtytrac.

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.