RMBS

Herb Allison, the head of the government's $700 billion financial bailout program, said Wednesday morning that he is leaving the Treasury Department at month's end.

The Federal Deposit Insurance Corp. (FDIC) will officially begin implementing its new resolution authority for systemically important firms on Monday.

Mortgage application activity slipped 1.4% in the week ending Sept. 17. The Mortgage Bankers Association reported that the Refinance Index declined 0.9% to ~4356.

Keith Danko has joined hedge fund firm Titan Capital Group as partner, the New York-based alternative manager announced today.

The European Parliament today gave the final seal of approval to a package of reforms that will cause a fundamental shift in the way banks, stock markets and insurance companies are supervised as of 2011.

Government-backed loans continued to grab a larger slice of the mortgage market last year, according to new Home Mortgage Disclosure Act (HMDA) data released Monday.

It would appear that the days of Fannie Mae and Freddie Mac being “kinder and gentler” owners of problem mortgages could be coming to an end.

Standard & Poor's has launched Understanding Ratings, a new information and education resource for investors found on the Web site www.understandingratings.com.

Single-family housing starts rose 2% to 438,000 units on an annualized basis during August, but multifamily construction soared by 53% during the month, according to new government figures released Tuesday morning.

If a home is underwater but the borrower keeps paying the second mortgage (though maybe not the first), can that junior lien be worth anywhere near face value?