RMBS

Federal regulators are making it difficult for issuers of all types of MBS to escape the costs of risk retention.

Credit Suisse has filed an S-3 statement with the Securities and Exchange Commission to issue under its Home Equity Mortgage Trust.

Smaller, thinly capitalized investors in nonperforming mortgages could face liquidity concerns in the coming months as private equity investors begin to re-examine their commitment to the business while bolting for higher returns elsewhere.

The Federal Reserve Board also proposed a rule that would require ABS sponsors to retain at least 5% of the credit risk of the assets underlying the securities.

Tom Deutsch, the executive director of the American Securitization Forum (ASF), has issued a statement in support of the Federal Deposit Insurance Corp.'s (FDIC) vote today to approve proposing risk retention rules jointly with other federal regulators.

Congressional demands for the Federal Housing Administration (FHA) to improve transparency, data accuracy, and legacy technology platforms have been backed by additional resources allocated to the effort.

Home values are falling in most major U.S. cities – except the nation's capital — and the average price in four of them are at their lowest level in 11 years, according to the newly released Standard & Poor's/Case-Shiller home price index.

The Federal Deposit Insurance Corp. (FDIC) held a press conference this morning ahead of its meeting to discuss the proposal on risk retention and the all important missing piece of the puzzle — Qualifying Residential Mortgages (QRM).

Hudson City Bancorp said Monday it has completed a "restructuring" of its balance sheet that reduced its high-cost borrowings and should allow for "increased future net interest income."

For the mortgage insurance industry the writing is on the wall: The Federal Deposit Insurance Corp. and its regulatory brethren will not recognize the value of mortgage insurance coverage in determining a QRM.