RMBS

Increases in loan-level price adjustment fees impacted speeds on both FHLMC Gold and GNMA MBS in March.

Freddie Mac reported a one basis point increase in 30- and 15-year fixed mortgage rates to 4.87% and 4.10%, respectively, with an average 0.7 point.

The Federal Reserve Bank of New York and Blackrock Solutions conducted the first BWIC from the Maiden Lane II (MLII) portfolio yesterday. The Fed sold RMBS with a face value of over $1.3 billion on Wednesday.

A subcommittee of the House Financial Services Committee debated yesterday and is expected to vote a handful of bills this morning that would begin the phase-out of Fannie Mae and Freddie Mac, which now finance a staggering 95% of the single-family mortgage market.

While saying JPMorgan Chase & Co. had enough capital already to comply with new Basel III requirements, Jamie Dimon, the bank's chairman and chief executive, said regulators had gone too far in crafting the international capital accord.

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.