RMBS

Mark Oman, a senior executive at Wells Fargo who helped build the bank’s mortgage business into one of the most competitive in the industry, announced that he will retire by yearend.

Redwood Trust, Mill Valley, Calif., earned $18 million in the first quarter, a 61% decline from the same period a year ago as lower net interest revenue and negative valuation adjustments took a bite out of its performance.

For year-to-date in 2011, global CMBS volume is currently at $11.2 billion comprising 12 deals, according to Dealogic.

The New York Federal Reserve has circulated the sixth list from its Maiden Lane II portfolio.

The labor department report on employment figures may show some encouraging signs of recovery.

Wells Fargo, in a new public filing, hiked its estimate for potential losses stemming from foreclosure-related litigation against the bank.

The big question on everyone’s mind at the Mortgage Bankers Association’s National Secondary Market Conference in New York held this week was, when will we see a thriving nonconforming secondary again?

Bank of America Corp.'s mortgage put-back deals last year no longer appear to be the kitchen-sink arrangements they may have initially seemed, and a new settlement in the first quarter spurred anticipation of further concessions.

After boosting its securitized products origination group just last week, Barclays Capital has hired more personnel for its ABS operations.

The nation’s four largest residential servicers – with the exception of Wells Fargo – took large writedowns on the asset value of their residential servicing portfolios in the first quarter, according to an analysis done by ASR sister publication National Mortgage News (NMN).