RMBS

Home prices have risen for four straight months, but the rate of growth has slowed, according to new figures tracked through the Standard & Poor's/Case-Shiller house price index.

The Federal Deposit Insurance Corp. (FDIC) unexpectedly delayed the release of an interim rule to create a resolution system for the largest, most-connected banks and nonbanks, saying it needed to consult with other regulators first.

Jefferies named Peter Santry as a managing director and head of distressed trading in its leveraged finance sales and trading division, the firm announced Monday.

The American Securitization Forum (ASF) released a statement saying that the Federal Deposit Insurance Corp.'s (FDIC) action today will seriously harm the federal government’s ability to exit the U.S. housing market and to reestablish a private label mortgage market.

State Street Global Advisors (SSgA), the investment management business of State Street Corp., engaged investment manager Smith, Graham & Co. Investment Advisors to assist in providing asset management services for the U.S. Department of the Treasury’s MBS Purchase Program.

The Federal Deposit Insurance Corp. (FDIC) is set Monday to begin a Herculean task: creating a resolution procedure for large, systemically important firms that improves on the bankruptcy process but still resembles it enough that it does not unsettle the marketplace.

California Attorney General Jerry Brown late Friday ordered the government-owned Ally Financial to stop foreclosing on homes in the state if it cannot prove immediately that it is complying with state law.

It was no small irony that moments after voting to bar corporate credit unions from investing in risky CDOs, the National Credit Union Administration (NCUA) Board gave its approval to a plan to shed as much as $50 billion in toxic MBS held by the corporate system by repackaging them for sale to the public as CDOs.

Re-default rates on Home Affordable Modification Program (HAMP) modified loans are half the rate of other permanent modifications, according to second quarter servicing figures complied by the Office the Comptroller of the Currency (OCC) and Office of Thrift Supervision (OTS).

The LPS Auction Solutions division of Lender Processing Services will conduct an online auction of 26 bank-foreclosed homes located nationwide with a bid deadline of Oct. 18.