RMBS

Fifteen industry and consumer groups are urging federal regulators to extend the June 10 comment period on the contentious risk retention proposal, which they said will have an “enormous impact on the availability and cost” of obtaining a mortgage.

As the debate begins to unfold concerning the future of housing finance, panelists at the Mortgage Bankers Association's (MBA) Secondary Market Conference were unanimous in their endorsement of the 30-year fixed-rate mortgage.

Two members of the House Financial Services Committee late Thursday introduced GSE reform legislation that would create new entities to issue government-guaranteed MBS.

The Prestwick Mortgage Group is offering a $172 million package of mortgage servicing rights tied to Fannie Mae loans originated in New Jersey.

MBIA's chief executive officer said Wednesday that it is only a matter of time before the troubled bond insurer is reimbursed by financial institutions for its losses related to RMBS that it insured during the housing boom.

President Barack Obama wants banks to step up their efforts to help struggling borrowers stay in their homes by offering principal reductions, extending short-term modifications, and lengthening existing mods.

With federal and state officials still in talks with the top five mortgage servicers over lapses in the foreclosure process, lawmakers from both political parties introduced a bill Thursday that would establish national servicing standards.

Discover Financial Services is buying the assets of Tree.com's mortgage origination subsidiary, Home Loan Center, for $55.9 million.

KeyBanc Capital Markets (KBCM) has expanded its MBS sales and trading group by hiring Joseph McHale as a managing director.

Brazil’s leading mortgage originator Caixa Economica Federal today closed the R$232.8 million senior piece of its largest ever RMBS, said a source close to the transaction. The yield came to 10.5% over the TR, a benchmark savings rate.