RMBS

Moody’s Investors Service has downgraded $1.7 billion in Washington Mutual-issued securities backed by first-lien, Alt-A credit, payment-option adjustable-rate mortgages with negative amortization.

Standard & Poor’s downgraded MBIA and its two principal bond insurer subsidiaries on Wednesday, citing new methodologies for assessing RMBS.

Standard & Poor’s downgraded MBIA and its two principal bond insurer subsidiaries on Wednesday, citing new methodologies for assessing RMBS.

The Mortgage Bankers Association's (MBA) weekly mortgage applications survey for the week ending Dec. 17 showed that the market composite index dropped 18.6% on a seasonally adjusted basis from one week earlier.

Mortgage bankers originated $26.4 billion of Federal Housing Administration (FHA)-backed loans in November, an 8.2% jump from the prior month, but delinquencies jumped as well.

Sales of existing single-family homes jumped 6.7% in November after falling 2% in October, according to the National Association of Realtors (NAR).

New York Attorney General Andrew Cuomo filed a lawsuit against Ernst & Young (E&Y) charging the accounting firm with helping Lehman Brothers Holdings engage in accounting fraud, masking the true state of its balance sheet.

Fannie Mae and Freddie Mac bought nearly 400,000 refinanced loans in the third quarter, an 82% spike from the second quarter, according to data released Tuesday by their regulator, the Federal Housing Finance Agency (FHFA).

The government's Home Affordable Modification Program (HAMP) finally gained momentum in November with servicers completing 30,000 permanent loan restructurings, a 15% rise from October.

If the Federal Deposit Insurance Corp. (FDIC) has its way, federal regulators would not wait for Congress to create national servicing standards, but instead write such rules as part of risk retention guidelines set to be released soon.