RMBS

Freddie Mac reported a 17% jump in refinancing volume from July to August and another monthly decline in single-family delinquencies.

The chairman of the Senate Banking Committee is trying to secure a one-year extension of the $729,750 GSE loan limit in a continuing resolution the Senate is expected to pass next week.

Mortgage servicers signed off on 33,300 permanent HAMP modifications in August — the lowest number of completed restructurings since December 2009 when the Obama administration's foreclosure prevention program was just getting off the ground.

After plunging 27% in July, sales of existing single-family homes rebounded 7.4% in August as buyers took advantage of historically low mortgage rates and affordable prices.

The Collingwood Group has appointed of Mary Lou Christy as senior vice president. Before Collingwood, Christy was senior vice president of investor relations for Fannie Mae. In her 24-year career at the GSE, she also led the MBS trading desk, and was vice president of sales and marketing in the southwestern region.

Bank of America has decided to merge its Home Loan Services (HLS) affiliate in Pittsburgh, a subprime specialty servicer, into its main servicing operation.

House Republicans blasted the proposed Basel III capital standards on Wednesday, arguing the plan would make the system more uncertain without making it substantially more safe.

Both 30- and 15-year fixed mortgage rates were unchanged in the week ending Sept. 23 at 4.37% and 3.82%, respectively, according to the Freddie Mac's weekly Primary Mortgage Market

Evidence of sloppy mortgage servicing practices should come as no surprise to anyone who has paid attention to the industry during the foreclosure crisis.

On the heels of deals from Toyota Motor Credit Corp. and Chrysler Financial Corp., Consumer Portfolio Services is also coming to market with a $94.5 million auto ABS. The deal, which is managed by Citigroup Global Markets, is comprised of five tranches.