RMBS

Perella Weinberg Partners named six new partners. The partners have all been promoted to partner from managing director and are based in New York and London.

Wells Fargo & Co. on Monday agreed to modify more than $2 billion of risky payment option ARMs from two lenders that the mega bank bought during the last years of the decade: World Savings of Oakland, and Wachovia Corp. of Charlotte.

In recent months, servicing failures have led to executive mea culpas, Washington drubbings and a 50-state investigation of the country's biggest banks. As unpleasant as all of those things were, they have only dented large servicers' profitability.

Don't assume that Bank of America Corp. has blinked.

Prepayment speeds on all Fannie Mae and Freddie Mac MBS rose 6% and 8%, respectively, during November, but likely will slow soon in the months ahead, according to a new market report from Annaly Capital Management, New York.

Arizona Attorney General Terry Goddard filed a lawsuit against Bank of America Corp. Friday, claiming the country's largest mortgage servicer's handling of loan modifications constitutes consumer fraud.

The Senate passed a bill directing the Government Accountability Office (GAO) to conduct a comprehensive study of the National Credit Union Administration's (NCUA) handling of the corporate credit union meltdown.

Marathon Asset Management recently closed a new commercial real estate property in a $27.5 million senior mortgage secured by a retail center in East Brunswick, NJ.

RBS Securities, the investment banking and brokerage unit of Royal Bank of Scotland, is looking to add trading and sales professionals and strategists specializing in Latin American markets, according to senior fixed-income officials.

Fannie Mae and Freddie Mac have again delayed implementation of new mortgage and appraisal delivery requirements in the Uniform Mortgage Data Program (UMDP), according to lender updates released Thursday.