RMBS

RBS Securities hired Perrin Arturi as a managing director on its agency passthough trading desk.

Regulators' mortgage servicing consent orders require big banks to conduct a thorough review of their foreclosures. On Friday they were told what "thorough" means.

Bank of America Corp. is shedding its remaining interest in asset manager BlackRock for $2.55 billion.

Ocwen Financial is one of at least three investors that were invited in by Goldman Sachs to make a final round of bids on Litton Loan Servicing, the Wall Street firm’s specialty servicing division, according to investment bankers and others close to the situation.

The U.S. government and a group of private investors plan to spin off the subprime lending and servicing division of American International Group (AIG), by selling $500 million worth of stock to the public – through a REIT structure.

Pending mortgage-related regulations threaten to become a "tsunami" of burdens that could unintentionally harm an already fragile mortgage industry, Acting Comptroller of the Currency John Walsh said Thursday.

David Jones, the founder and chief executive of CastleOak Securities, compares his firm to a sports car.

The chief financial officer of nonperforming loan (NPL) investor Kondaur Capital departed the company about 10 days ago – at the same time that the NPL investor’s founder and chairman Jon Daurio was forced out by the firm’s board, National Mortgage News has learned.According to NPL investors and a source at Kondaur, CFO Janice Ramocinski resigned from the privately held firm, whose investors and backers include The Carlyle Group, and Tourmalet Advisors.

The Treasury Department has directed the 20 largest Home Affordable Modification Program (HAMP) servicers to establish "relationship managers" who will provide a single point of contact for homeowners seeking a loan modification.

At yesterday's American Securitization Forum Sunset Seminar on the future of mortgage finance, panelists warned that if GSEs are withdrawn at this time, the housing market will continue its downward spiral.