RMBS

Thanks to a $1.3 billion check from Bank of America, Fannie Mae reported positive net operating earnings of $73 million for the fourth quarter — its first such profit since 2007.

February remittance reports showed that default rates reversed their course after rising the previous month, according to Bank of America Merrill Lynch analysts.

A California lender began selling jumbo loans this month to global asset manager BlackRock, proof that private investors are not waiting for the securitization market to fully recover before getting back into mortgages.

House Republicans are taking aim at four of the administration's foreclosure-prevention programs, arguing that they have failed to help many homeowners and are a waste of time and money.

King & Spalding hired Scott Stengel, who specializes in bank regulatory, capital markets and restructuring matters, to the firm’s capital transactions and real estate practice in Washington, D.C.

Freddie Mac late Thursday said Donald J. Bisenius, executive vice president of its single-family credit guaranty business, received a 'Wells Notice,' which means the Securities and Exchange Commission (SEC) is considering filing civil charges against him.

The former treasurer of Taylor, Bean & Whitaker (TBW), Ocala, Fla., pleaded guilty to criminal charges involving her role in selling "fictitious" mortgages to Colonial Bank, contributing to that institution's failure.

Bank regulators, law enforcement and various other federal and state officials continue to negotiate the proper punishment for more than a dozen large servicers that have mistreated mortgage borrowers.

Carrington Capital Management, a former subprime securitization specialist, salvaged an impressive amount of money from its low-ranked RMBS, thanks to the unusual strategies of its servicing affiliate.

New home purchases fell 12.6% in January to start the new year off on the wrong foot, erasing a 15% gain in December sales.