RMBS

Agency MBS overseas purchases considerably increased in March. Bank of America Merrill Lynch analysts noted that gross agency MBS purchases were $14.6 billion while paydowns were projected to be $10.6 billion. This results is $4 billion worth of net purchases.

The House Financial Services Committee late last week approved several bills to restructure the new Consumer Financial Protection Bureau (CFPB) and curb its powers until the agency’s first director is confirmed by the Senate.

Last week the Bank of England (BofE) signaled that it might increase interest rates in the third quarter to get a hold of inflation.

Why do some mortgage servicers appear to be modifying a great many more loans than others? How many loans are getting principal reduced, rather than interest rate reductions? How many loans in a given neighborhood are more than 30 days late?

The Financial Accounting Standards Board (FASB) issued new rules last week to update how companies account for repurchase agreements like the kind Lehman Brothers used to temporarily move billion of dollars of assets temporarily off its books and hide how much debt it had just before reporting its quarterly results.

A U.S. attorney is taking a novel approach to suing Deutsche Bank for the alleged "reckless" Federal Housing Administration (FHA) lending practices of its MortgageIT subsidiary with the case sending a chill through other government lenders who fear they, too, may be on the government’s hit list.

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.