RMBS

For a short two-week period, the Rural Housing Service (RHS) was guaranteeing loans again, but that came to end on Oct. 1.

Standard & Poor's examined the implications of the Federal Deposit Insurance Corp.'s (FDIC) recently approved changes to the Safe Habor rule. The rule refers to the applicable legal regime to financial asset tranfers by banks for securitization purposes if the financial institution becomes insolvent.

A widely used third-party registry of mortgage assignments has found itself in the center of “foreclosure-gate,” amid allegations that its service is part of the greater issue of faulty or even illegal foreclosure practices plaguing the lending industry.

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.