RMBS

Freddie Mac announced a $1 billion offering of structured passthrough certificates (K Certificates), multifamily MBS, which are expected to price the week of Jan.17 and settle on Feb 10.

Markit has acquired QuIC Financial Technologies,a risk analytics solutions provider.

Bingham McCutchen has elected 13 lawyers to its partnership. The promotions follow a year when the law firm expanded its key practices in the global markets, including launching its Frankfurt-based financial restructuring practice. It also grew its Hong Kong office.

Fortress Investment Group's managing director and securitized products portfolio manager Greg Finck will move to the firm's traditional asset management arm.

The Internal Revenue Service (IRS) claimed Ambac Assurance — which had $312.8 million of cash in the middle of 2010 — may owe more than $700 million in taxes. Its parent company is bankrupt.

Shares of MBIA jumped more than 10% Tuesday afternoon after a New York appeals court ruled in its favor, dismissing a lawsuit that had contested the company’s February 2009 restructuring.

Builders started more houses last year than in 2009. But where are the buyers?

In November U.S. home prices declined for the fourth month in a row, a sign that housing markets are still on shaky ground, according to new figures released by CoreLogic, Santa Ana, Calif.

Merrill Lynch Credit Corp. (MLCC) has renewed its private label production and servicing agreement with PHH Mortgage, Mt. Laurel, N.J., according to a new filing with the Securities and Exchange Commission.

A nationwide coalition of state pension funds are asking the nation’s biggest banks once again to “immediately” begin examinations of their mortgage and foreclosure practices through corresponding in-house Audit Committees.