RMBS

Fannie Mae, Freddie Mac and the GSE regulators are reminding lenders that the maximum mortgage amount for conforming mortgages will remain unchanged for the first nine months of 2011.

In the latest Amherst Mortgage Insight, Amherst Securities Group's Senior Managing Director in charge of research Laurie Goodman said that forecasting cash flows from month to month has become increasingly difficult.

Fannie Mae is auctioning off a $30 million pool of bulk real estate-owned properties, according to investors who have viewed the offering circular.

A voluntary merger among some of the 12 Federal Home Loan Banks may become a possibility now that the GSE regulator is trying to lay out a formal merger approval process.

Ambac Assurance Corp. is close to reaching a settlement that would wipe away more than $500 million of exposure to revenue bonds issued by the Nevada Department of Business and Industry for the Las Vegas Monorail, according to its regulator Thursday.

Countrywide, which is now part of Bank of America Corp., routinely didn't bother to transfer essential documents for loans sold to investors, an employee testified.

Credit Suisse expects to see GNMA prepayment speeds rise 10% to 15% during the November period, according to a recent report.

On the surface, the three homes appear to have just one thing in common: foreclosure.

Put-backs of defective mortgages are accelerating and the Federal Reserve Board is growing more concerned about the potential risks to the banking system.

The volatile reaction created by the Federal Reserve's QE2 drove demand down in the consumer ABS sector, Wells Fargo analysts said.