RMBS

Mortgage rates crept higher for the second week in a row and, while still historically attractive, will likely have some adverse impact on mortgage application activity.

Certain effects of the economic downturn have begun to ease, but one recession-hatched trend persists: Cash-strapped consumers continue to show a preference for paying their credit card bills over their mortgages, TransUnion said.

Commonwealth Bank of Australia issued a new AUD1 billion ($1.03 billion) prime RMBS from its Medallion trust series.

Top Republicans on the House Financial Services Committee clashed with Elizabeth Warren, who is leading the Consumer Financial Protection Bureau (CFPB) creation, over her role in the mortgage servicer settlement.

The New York City Comptroller's office, representing pension funds that own shares in Bank of America Corp., wants the bank's board to review the company's controls for loan modifications, foreclosures and securitizations.

As of January 2011, the "shadow inventory" of homes declined slightly from the same time period a year ago, but nine months' worth of supply still remains, according to a new report released by CoreLogic.

Lewis Ranieri, the co-inventor of the MBS, on Wednesday predicted that the new 'qualified residential mortgage' (QRM) rule will push more borrowers into non-QRM loans who would normally qualify for a Fannie Mae or Freddie Mac product.

The Federal Reserve declined American International Group’s offer to buy all of the assets in Maiden Lane II LLC (MLII), according to a release from the Fed.

Although federal regulators aren't giving many specifics as to how they might change servicing compensation, at least one participant in recent meetings with the government said they've decided on a number: 12.5 basis points.

Fannie Mae's relatively new Guaranteed Multifamily Structures Program is gaining market traction.