RMBS

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.

Bank of America Corp. is halting foreclosure sales in all 50 states as it extends its review of foreclosure documents.

President Obama late Thursday vetoed a bill that was designed to facilitate electronic mortgages and e-commerce. The veto arose in the wake of fears that language in the legislation would make it easier for servicers to get foreclosures approved by the courts.

Investec is in the market with a U.K. RMBS deal worth ₤186 million ($295.26). Barclays Capital and Investec Bank are managing the eight-tranche transaction called Residential Mortgage Securities 25 (RMS 25).

Remember all those prognostications from industry experts how the Dodd-Frank bill would destroy the nonbank segment of the mortgage industry, resulting in a total takeover of residential finance by depositories?

The September prepayment reports brought relief after the August data encouraged fears of a potential refi wave in the making.

Senator Richard Shelby, R-Ala., ranking Republican on the Senate Banking Committee, is calling on federal regulators to investigate the foreclosure problems at three major banks and report back to the committee.

Freddie Mac's weekly mortgage rate survey reported new record lows set for 30- and 15-year fixed-rate mortgages as well as 5/1 hybrid ARM rates.