RMBS

New rules from Mexico’s banking regulator are an auspicious move for future securitizations from this sector, according to Maria Muller, senior vice president at Moody’s Investors Service.

As previously reported by StructuredFinanceNews.com (see related story via this link), last week the American International Group (AIG) in a letter to the Federal Reserve Bank of New York (New York Fed) offered to repurchase all of the RMBS held by Maiden Lane II LLC (ML II) for $15.7 billion in cash.

Former Fannie Mae CEO Daniel Mudd, who oversaw the GSE's huge expansion into nonprime investing and securitization, late last week received a "Wells Notice" from the Securities and Exchange Commission (SEC) indicating that he may face civil charges for allegedly misleading investors about the company's financial condition.

After uncovering significant problems in the foreclosure process, the 50 state attorneys general and several federal agencies delivered a 27-page list of demands to the five largest mortgage servicers, requiring upgrades and changes throughout their systems.

Denver-based asset management and structured finance firm The Chotin Group Corp. hired Paul Isherwood as chief investment officer who will oversee analysis, trading and management of Chotin’s proprietary investment portfolios.

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.