RMBS

The National Credit Union Administration is in the market with NCUA Guaranteed Notes Trust 2011-R6.

CMG Mortgage has hired Todd Hempstead, a Fannie Mae veteran of 25 years, to work with private investors interested in buying and securitizing conforming and Jumbo mortgages.

Mortgage application activity dropped 5.6% in the week ending April 22 despite a decline in mortgage rates, according to the Mortgage Bankers Association (MBA). However, the number was not adjusted for the Good Friday holiday.

When global regulators last year announced final international capital and liquidity standards, bankers for the first time in months breathed a sigh of relief, appearing even to welcome the agreement.

A study sponsored by the Mortgage Bankers Association (MBA) showed that despite evidence that some home pre-purchase education and foreclosure prevention programs are effective, inconsistent proof of the effect of counseling indicates the industry remains clueless about what works and what does not work.

The conversion of owner-occupied single-family homes into renter-occupied homes has played in important role in stabilizing housing markets that has been wracked by foreclosures, according to a report on rental housing released Tuesday morning.

House prices fell 1.1% in February following a 1.1% decline in January, according to the Standard & Poor's/Case-Shiller 20-city house price index.

Loss severities dropped across all the indices by 1.0, 1.7, 4.9, and 3.2 points to 82.4%, 83.4%, 87.5%, and 90.5% for the 06-1 through 07-2 indices, respectively, as reported by Bank of America Merrill Lynch analysts.

In 2010, commercial and multifamily mortgage origination volumes increased to $118.8 billion, up 44% compared to 2009, according to the Mortgage Bankers Association (MBA). And first liens accounted for 92% of the total dollar volume closed.

Deutsche Bank Securities hired Douglas Runte as a managing director and head of aviation debt research within its markets division.