RMBS

Markit has agreed to acquire the Loan/SERV messaging portal from the Depository Trust & Clearing Corporation (DTCC).

There is a lot of talk about today’s improved loan quality and loans on the secondary market today are better, but recent events have clearly highlighted the need for better vetting when it comes to processing on the servicing side, and not to be overlooked as this occurs is that there is still a lot to look out for on the origination side, too.

State banking regulators and several attorneys general are forming a multi-state task force to investigate the nation's foreclosure crisis, zeroing in on whether servicers cut corners on their paperwork.

The merger of the Office of the Comptroller of the Currency (OCC) and Office of Thrift Supervision (OTS) is shaping up to be the match made in regulatory hell.

Valuing mortgage servicing rights is tricky in normal times. The foreclosure documentation mess threatens to make the process even more difficult.

Lehman Brothers Holdings said bond insurer Ambac Financial Group has dropped claims worth more than $6.1 billion against the company, according to court filings.

Litton Loan Servicing, the nation's fifth largest servicer of subprime mortgages, said it will halt certain foreclosures to review how its processes these delinquent loans.

Ambac Financial Group said that the Wisconsin Office of the Commissioner of Insurance (OCI) has filed its Plan of Rehabilitation for the Segregated Account of Ambac Assurance Corp. in Dane County Circuit Court in Wisconsin.

MBS investor Ellington Financial priced its IPO of 4,500,000 common shares representing limited liability company interests at a price of $22.50 per share, according to a release from the specialty finance company.

Continued weak job numbers means the Fed is likely to start its second round of quantitative easing measure in November.