RMBS

Mortgage rates eased back from their recent lows as Treasurys sold off beginning late last week. This was after the market experienced a strong flight to safety gains and news broke out on Monday that the Treasury will begin selling its MBS holdings.

During the housing boom Robert Shiller, co-creator of theCase-Shiller Home Price Index, stood out (and endured taunting) for his pessimistic views on the market. Now he's in good company.

Goldman Sachs is among a handful of Wall Street banks negotiating with National Credit Union Administration (NCUA) on potential compensation for toxic MBS the investment banks sold to the five failed corporate credit unions.

The more than $113 billion New York City Pension Funds have been granted right of passage by the Securities and Exchange Commission (SEC) to present a foreclosure request on big bank shareholder ballots.

Four state attorneys general have sent a letter to Iowa AG Tom Miller objecting to provisions of the 27-page proposed settlement with the top five servicers.

New home sales fell 17% in February to the lowest level on record with cancellations ticking up again as buyers continue to deal with tighter mortgage underwriting standards.

In a new forecast on the housing market, Fannie Mae economists remain cautious about demand citing "consumer uncertainty" which will translate into declining originations.

Fitch Ratings’ review of 1,246 rated subprime RMBS issued between 1993 and 2008 shows that, on average, losses are relatively stable and expected defaults are still improving, but continuing housing market weakness and foreclosure delays are still driving expected loss severities higher.

Aegon Levensverzekering N.V. is in the market with a €1.5 million Dutch RMBS from its Saecure securitization program.

SunTrust Banks late Tuesday named Jerome Lienhard president and chief executive officer of its mortgage division, the nation's 11th largest originator of residential loans.