RMBS

The public finance market no longer has a triple-A rated bond insurer. Standard & Poor’s downgraded Assured Guaranty’s two insurer platforms on Monday to 'AA-plus' with a stable outlook from 'AAA' with a negative outlook.

The Public-Private Investment Program (PPIP) for legacy assets latest quarterly report showed that $7.4 billion was raised and matched by the Treasury.

The sale of nonperforming home mortgages held by portfolio lenders could double, or even triple next year, according to DebtX CEO Kingsley Greenland.

Moody's Investors Service has downgraded the ratings on 162 tranches and confirmed the ratings on 23 tranches from 17 RMBS deals that are backed by option arm loans issued by Lehman XS Trusts.

The homeowner at the epicenter of the foreclosure documentation scandal has been granted a reprieve, at least temporarily.

HSBC Bank is now actively marketing the servicing portfolio of its mortgage division as a stand alone asset, according to investment banking officials familiar with the matter.

Bank of America Corp. and GMAC Mortgage may be restarting some foreclosures, but this does not mean their legal problems with bad documents are over.

On behalf of commercial banks, insurance companies and mortgage servicers, loan sale advisor DebtX plans to sell $1.1 billion in commercial real estate and residential loans in 10 separate transactions through early December.

RoundPoint Financial Group hired Steve Bashmakov as its new chief financial officer. Bashmakov will report directly to RoundPoint CEO Kevin Brungardt.

The Federal Housing Finance Agency (FHFA) has hired a private law firm as it continues to review subpoenaed loan documents from banks and Wall Street firms that sold Fannie Mae and Freddie Mac private-label MBS.