RMBS

One certain outcome from the foreclosure crisis is an increased liquidation lag across all U.S. states.

The Financial Industry Regulatory Authority (FINRA) is establishing a new effective date of May 16, 2011 for reporting ABS to the trade reporting and compliance engine (TRACE).

The investor clearinghouse that Talcott Franklin, a firm that specializes in securitization remediation, is advising has gained momentum, said litigator Talcott Franklin. In several cases, deals have garnered up to 50% of investor voting rights,

Trapped for nearly a year in limbo, the Federal Home Loan Bank of Seattle may finally be seeing a way forward.

Both refinancing and purchase activity rose in the week ending Oct. 22 as mortgage rates declined after rising in the previous week.

A handful of state attorneys general are taking a hard line with mortgage servicers by demanding loan modifications and principal reductions for those borrowers whose rights may have been violated by robo-signing.

An investment banking firm is warning federal regulators that a congressional mandate to stop relying on the credit ratings of Standard & Poor's and other agencies could be disruptive to the MBS market and increase capital requirements for depository institutions.

CIT said on Tuesday it earned 66 cents a share or $131.5 million in the second quarter, thanks to gains in its transportation finance and vendor finance businesses.

The Obama administration's foreclosure prevention program has more canceled modifications than active ones, according to a Treasury Department report released Monday.

When times are tough, consumers, increasingly, are paying their credit card bills first and worrying about the mortgage later.