RMBS

The Federal Housing Finance Agency (FHFA) said Wednesday that foreclosures "should proceed without delay" if servicers have not identified any problems with foreclosure documents.

As questions have mounted about the legality of thousands of foreclosures across the country, lawmakers have ratcheted up the rhetoric in criticizing lenders and urging them to take actions to help homeowners. But a key issue remains: What will Congress do about it?

The $3.847 billion securitization for the National Credit Union Administration (NCUA) has come to market. This is the first in a series of securitizations for the NCUA.

Federal Deposit Insurance Corp. (FDIC) Chairman Sheila Bair said the growing robo-signing scandal was symptomatic of the poor incentives that marred the securitization market, but she opposed a universal freeze on foreclosures.

Bingham expanded its Hong Kong office by adding three partners namely, Laurence Isaacson, Vincent Sum and Mark Fucci.

Freddie Mac reported fixed mortgage rates plunged in the week ending Oct. 14 with new record lows set on 30- and 15-year terms.

Odeon Capital Group expanded into the Midwest market by opening an office in Chicago and hiring a securitization expert to lead the new location's trading desk.

Prime RMBS performance in Spain looked relatively stable month-to-month in August, but the full impact of the country's record high unemployment has not yet taken full effect, according to a Moody’s Investors Service report.

The Paragon Group of Cos. appointed Peter Shorthouse as director of treasury and structured finance.

The Securities and Exchange Commission (SEC) is considering rules that would require ABS issuers to perform a review of the assets underlying the securities, and to disclose information relating to the review.