RMBS

Standard & Poor's late Wednesday revised its outlook on the unsecured debt issuances of Fannie Mae, Freddie Mac and the Federal Home Loan Bank (FHLB) System to "negative" from "stable" while maintaining their 'AAA' credit rating.

Lee Farkas isn’t exactly a household name in America, but this week he became the first mortgage executive of a once top-ranked lender to be found guilty of a fraud with its roots in the housing bust.

Freddie Mac reported a plunge in mortgage rates in the week ending April 21 as Treasury yields dropped.

Jefferies appointed Paul Kopsky as a managing director in the firm’s military housing mortgage business. He will be responsible for sourcing and originating military housing bond issue transactions.

Numerous mortgage brokers and loan officers apparently rushed to get as many loans as possible into the pipeline before their compensation plans changed this month.

The hit to mortgages Wells Fargo & Co. reported Wednesday echoes the story of many banks this earnings season. The problem for Wells is that home loans are a bigger part of its business.

RBC Capital Markets appointed Peter Hirsch as managing director and head of U.S. dollar rates and mortgage trading. The new appointee's, who will be based in New York, focus includes coverage of governments, agencies, agency mortgages and derivatives.

Regulators have removed a major barrier in CIT Group's plans to act more like a bank.

Lender Processing Services' (LPS) "first look" report found that the national monthly and yearly delinquency rates continued to decline in March.

Sales of existing single-family homes rose 4% in March on a seasonally adjusted annual basis, signaling a lackluster start to the spring home buying season.