RMBS

Discover Financial Services is continuing its push to ensure that future profitability is less dependent on plastic with its planned $600 million student loan acquisition.

The total dollar amount of outstanding mortgage subprime loans in the nation fell to $714 billion at June 30, a 45% decline from the peak back in 2007, according to figures compiled by National Mortgage News and the Quarterly Data Report.

Barclays Capital researchers examined the effects of GMAC's foreclosure moratorium announcement in a report released today.

Landmark legislation in Greece on consumer debt could lower recoveries on mortgages that are already underwater, according to a recent report from Moody’s Investors Service.

As technical director of the Financial Accounting Standards Board (FASB), Russell Golden is the person to whom financial institutions have been addressing their comment letters on a controversial proposal that would expand the use of fair value accounting.

Residential home sales leveled off in August after plunging 30% in July, according to the RE/MAX National Housing Report.

Countrywide Financial Corp. founder and former chief executive Angelo Mozilo must face trial on regulators' claims he misled investors about risks tied to subprime lending, a judge ruled.

This month Barclays Capital analysts are launching a new monthly publication called New Resi Synthetic Monitor. This offers a detailed examination of the valuation and collateral performance of the various ABX and PrimeX indices.

A bankruptcy judge has approved a settlement between the Federal Deposit Insurance Corp. (FDIC) and the now-defunct Taylor Bean & Whitaker (TBW) over the ownership of more than $1 billion in disputed loans and mortgage-related assets.

Arch Bay Capital, which invests in and manages delinquent mortgages, appears to have scuttled — for now — its plans to enter the origination business, according to industry officials who have worked with it.