RMBS

Far more than any trader's profane emails, due diligence reports from the securitization boom could worsen the financial industry's litigation headaches — and conceivably expose some firms and individuals to criminal charges.

The Federal Housing Finance Agency (FHFA) extended the Home Affordable Refinance Program (HARP) another year.

In a Federal Deposit Insurance Corp. (FDIC) statement released today on the legislative proposals to create a U.S. covered bond market, the agency said that it has "significant concerns" regarding the United States Covered Bond Act of 2011 (H.R. 290).

Australian RMBS issuer Perpetual is in the market with SMHL Securitisation Fund 2011-1 worth A$600 million.

When David Stevens took over in July 2009, the Federal Housing Administration (FHA) was in such dire financial straits that he says there was a real threat of the agency being temporarily shut down.

Larry Goldstone, once a top player in the Jumbo and "super" Jumbo market through his now defunct firm Thornburg Mortgage, is trying for a comeback in the business.

Provident Funding Associates, the second largest privately held nonbank mortgage lender in the U.S., this week filed a registration statement with the Securities and Exchange Commission to create a publicly traded REIT by raising $300 million in capital.

The Federal Reserve Bank of New York has received a formal offer from American International Group (AIG) to repurchase the assets in Maiden Lane II, LLC (MLII).

Prospect Mortgage said it has started offering prime Jumbo loans with balances of up to $2 million. It plans to sell these loans to firms aiming to tap the private-label MBS market.

A new £350 million ($565.4 million) U.K. RMBS deal for the Skipton Building Society began marketing this week, according to market reports.