RMBS

Two top Obama administration officials said Tuesday that the GSEs would not be exempted from a pending proposal to help standardize mortgages sold into the secondary market.

A new estimate by the Treasury Department shows the bailout of Fannie Mae and Freddie Mac will cost taxpayers an additional $73 billion through 2021.

According to the Treasury International Capital System (TIC) January data, the total net purchases, which refer to purchases and sales and exclude paydowns on agency MBS, were $6.3 billion.

If settlement talks between the states and residential servicers break down, the nation's megabanks will face the prospect of lawsuits from up to 30 state attorneys general, according to Sen. Jack Reed, D-R.I.

Mortgage Bankers Association (MBA) President and CEO John A. Courson will be leaving the association effective June 1.

Four former superintendents of the New York Insurance Department (NYID) argued Sunday that the regulating body didn’t have the authority to approve bond insurer MBIA’s February 2009 restructuring.

Treasury Secretary Tim Geithner defended Elizabeth Warren's role Tuesday in the ongoing settlement talks between the top mortgage servicers and the state attorneys general and several federal agencies.

With fears mounting that the GSEs may soon alter servicing compensation in a significant way, at least one Wall Street firm is making the rounds offering a 'sale leaseback' deal to some of the nation's largest holders of MSRs, ASR sister publication National Mortgage News (NMN) has learned.

The Obama administration's proposals to support the development of a covered bond market and limit large bank access to the Federal Home Loan Bank (FHLB) advance window could weaken the FHLB System, according to a new report from Moody's Investors Service.

Four major industry trade groups are urging Senate Judiciary Committee members to vote against a bill that allows U.S. bankruptcy courts to set up loss mitigation programs where homeowners and servicers can negotiate a loan modification.