RMBS

Mortgage application activity rose 2.1% in the week ending Nov. 19, according to the Mortgage Bankers Association (MBA).

Freddie Mac reported further increases — albeit slight — in fixed related mortgage rates for the week ending Nov. 24 as 30-year fixed mortgage rates averaged 4.40% with an average 0.8 point, up one basis point from last week.

The Securities and Exchange Commission (SEC) issued a temporary order yesterday allowing foreign ABS issuers to sell ABS to foreign investors without complying with the SEC’s new rule 17g-5.

Fannie Mae issued nearly $70 billion in MBS in October — its highest since the 2009 refinancing boom fueled by Federal Reserve purchases of agency MBS.

Greg Ousley wants to be a chaperone of sorts for the secondary mortgage market. The chief executive of Global Debt Registry said his company's system, which was designed to track ownership of delinquent credit card debts, can improve upon the widely used Mortgage Electronic Registration System (MERS).

Mortgage bankers issued $35.5 billion of Ginnie Mae-backed MBS in October, a 5% jump from September.

The American Securitization Forum (ASF) reiterated its support for retention requirements tailored to each major asset class and that offer flexibility for the long term, the trade group said in a release today.

Freddie Mac's retained portfolio declined an annualized 12.5% or $7.4 billion in October to $702.9 billion.

The National Credit Union Administration (NCUA) is exploring legal remedies against firms that sold faulty MBS that later played a key role in the failure of a handful of corporate credit unions (CUs).

Starting Dec. 1, Freddie Mac will issue Jumbo/Super Conforming Pools under these three prefixes: T4: 15-Year Jumbo/Super Conforming Pools; T5: 20-Year Jumbo/Super Conforming Pools and T6: 30-Year Jumbo/Super Conforming Pools.