RMBS

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).

Calling the foreclosure process "fragmented," the Government Accountability Office (GAO)recommended that banking regulators and the new Consumer Financial Protection Bureau (CFPB) develop plans for regulating mortgage servicers that would include standardizing foreclosure practices.

Fitch Ratings issued unsolicited market commentary on American Home Mortgage's servicing advance deal that is currently in the market called AH Mortgage Servicer Advance Revolving Trust 2001-1 (AHM SART 2011-1).

Prepayments slowed more than projected in April as a result of higher credit fees and a lower number of collection days.

Space Coast Credit Union, which filed suit last week against Barclays Capital over CDOs the investment bank sold to Eastern Financial Florida Credit Union, is expected to file similar suits over the next few weeks against other Wall Street firms in the 2009 failure of the one-time $2.4 billion credit union.