RMBS

The number of mortgages with negative equity fell nearly 2% in the third quarter from the previous quarter mostly due to foreclosures, according to a CoreLogic report issued Monday morning.The third quarter report shows there are 10.8 million single-family loans or 22.5% of all mortgages under water, compared to 11 million in the second quarter.

Anyone expecting a quick and narrow resolution of mortgage servicers' troubles from foreclosure process failures probably hasn't talked to Iowa Attorney General Tom Miller, who heads the 50-state coalition investigating the industry.

Though regulators have so far been vague about what kinds of national servicing standards they hope Congress will enact next year, momentum appears to be growing behind the concept.

State Street will be selling investments worth roughly $11 billion while taking a $350 million loss on the securities.

BDO Valuation Advisors has hired Greg Adams as director and national real estate practice leader, the firm announced.

Morgan Stanley is the latest target of MBIA's quest to win back more than $2 billion of claims it paid on MBS that went bust during the financial crisis.

DoubleLine Capital, the brainchild of portfolio manager Jeffrey Gundlach, revealed in a Securities and Exchange Commission (SEC) filing Monday that “employees and former employees” have been questioned by federal investigators.

A report from Fitch Ratings said the manufactured housing sector, which historically has had "problematic performance," has been relatively stable in 2010.

One of the innocent casualties of the mortgage bust/housing bubble was the secondary market for servicing rights.

An updated CoreLogic 2010 Mortgage Fraud Trends Report finds that while overall mortgage fraud has increased by 20% compared to its lowest level in 2009, refinance fraud increased by 30%.