RMBS

The nation's 'robo-signing' scandal has left the Federal Housing Administration (FHA) with a backlog of nearly 176,000 loans that were in the process of being foreclosed upon at the end of 2010.

The aggregate value of commercial real estate (CRE) loans priced by DebtX that back CMBS rose to 79.9% as of Feb. 28 from 79.8% as of Jan. 31.

The U.S. Department of the Treasury will begin an orderly wind down of its remaining portfolio of $142 billion in agency-guaranteed MBS. Beginning this month, it plans to sell up to $10 billion in agency-guaranteed MBS per month, although this would be subject to market conditions.

Lender Processing Services (LPS) reported its February 2011 month-end mortgage performance statistics from its loan-level database of nearly 40 million mortgage loans.

REO services provider Default Resource hired James Zeldin as executive vice president and chief sales officer.

After helping banks weather the financial crisis and oversee the Troubled Asset Relief Program (TARP), Richard Neiman is expected to step down as New York banking superintendent in April.

As the mortgage servicing settlement talks stall, some observers are wondering whether the two main parties — the banks and the attorneys general — would be better off without making a deal.

Ally Financial, which hopes to go public this year, has agreed to sell $1.25 billion of bonds related to excess mortgage servicing rights.

JPMorgan Chase chairman Jamie Dimon recently sat down with analysts at Citigroup Global Markets and told them what many smaller players in the mortgage business have believed all along: that a 20% downpayment definition on the 'qualified residential mortgage' (QRM) test will benefit the nation's megabanks.

Mortgage lenders funded roughly $33.2 billion of Jumbo mortgages during the fourth quarter, a handsome 57% gain from the same period a year earlier, according to survey figures compiled by National Mortgage News and the Quarterly Data Report.