RMBS

Fannie Mae is once again offering to pay 3.5% in closing costs for buyers of its repossessed homes, the number of which has nearly doubled in the past year.

A proposed settlement with the top five mortgage servicers could prolong the foreclosure crisis, drive up mortgage interest rates, slow new home construction and cost $7 billion to $10 billion a year, according to a study from three top economists.

DBRS has conducted recent analysis that showed that the national average timeline from 30- days delinquent to REO is currently at 23 months.

After the Federal Reserve Bank of New York conducted its first auction of Maiden Lane II (ML II) bonds last week, it is following up with two auctions this week.

The only bank that has been penalized for mortgage servicing lapses got slapped for doing the opposite of what state attorneys general have been demanding.

State attorneys general and Consumer Financial Protection Bureau (CFPB) officials on Monday agreed to cooperate on enforcement actions and work together to prevent evasions of consumer protection laws.

The Federal Home Loan banks and their members are urging the Federal Housing Finance Agency (FHFA) to scrap a proposal that would make it tougher to join — and stay a part of — the cooperative system.

The Obama Administration’s white paper on the future of the GSEs may have muddied the issue as much as it clarified it.

Investors have proven slow to return to the European securitization market. The limited appetite has been matched by a lackluster amount of securitization supply that market analysts said has created an imbalance in secondary and primary securitization pricing.

The Department of Housing and Urban Development (HUD) released a contingency plan if budget negotiations held today fall and the government shuts down, which mortgage market participants are sure will happen.