RMBS

While shaken, consumers' sense of obligation to the mortgage contract remains strong, according to the results of a market survey conducted last summer on behalf of Wells Fargo Home Mortgage.

New research shows that only one-fifth of loans the GSEs purchase would meet the regulators’ definition for “qualified residential mortgages” (QRMs) and would be exempt from the 5% risk retention requirement in the Dodd-Frank Act.

Ending the Making Home Affordable (MHA) Program would increase avoidable foreclosures and put the fragile housing market in worse shape, the program's director told an audience at the SourceMedia Mortgage Servicing Conference Tuesday.

PIMCO launched a new real estate finance company, according to a filing with the Securities and Exchange Commission (SEC).

Mortgage application activity was mixed, according to the Mortgage Bankers Association's (MBA) weekly survey, with the Refinance Index declining despite a slight easing in the 30-year effective mortgage rate.

Jay Hohman has landed a position as managing director at Cohen & Company Capital Markets.

The Federal Housing Administration (FHA) has critical lending programs for homebuyers, particularly first-timers, but will have to stop endorsing new mortgages if Congress cannot agree on a budget deal with the White House by midnight Friday and the federal government is forced to shutdown.

Delinquency rates on closed-end home equity loans and home equity lines of credit (HELOCs) showed little improvement in the fourth quarter compared to the third, according to new figures released by the American Bankers Association (ABA).

The number of completed foreclosures fell by nearly 50% from the third to the fourth quarters as servicers came under pressure from state and federal regulators to correct their foreclosures processes and agree to a civil settlement.

The first bid list for the Maiden Lane II portfolio has begun to circulate, according to market reports. The sale is the first since the Federal Reserve rejected AIG’s offer to repurchase the securities for $15.7 billion.