RMBS

How to ensure the Federal Deposit Insurance Corp. (FDIC) has the flexibility it seeks while giving investors and issuers the certainty they need emerged Wednesday as the central sticking point confronting lawmakers interested in developing a covered bond market in the U.S.

Freddie Mac has again extended deadlines for borrowers who sought alternative loan modifications after dropping out from the government's Home Affordable Modification Program (HAMP).

WestLB selected Quantifi’s Credit Valuation Adjustment (CVA) pricing tool, Quantifi CVA, for accurately pricing and hedging the counterparty risk of new trades and existing portfolios.

The nation's GSE regulator Wednesday voiced his concern about the slow pace of seller/servicers repurchasing problem loans from Fannie Mae and Freddie Mac, singling out the nation's megabanks for their poor performance in this area.

The American Securitization Forum (ASF) said its likely that the Federal Deposit Insurance Corp. (FDIC) will extend the interim Safe Harbor.

The Treasury's point man on GSE reform said Wednesday that the Obama White House will not propose any changes to government guarantees backing Fannie Mae and Freddie Mac MBS for fear of hurting the liquidity and functionality of the U.S. mortgage market.

BB&T Corp. cautioned that it could experience "elevated charge-offs" in the third quarter as it gets more aggressive in disposing of bad loans.

Both refinancing and purchase activity declined in the holiday shortened week ending Sept. 10 even as mortgage rates slipped lower, according to the Mortgage Bankers Association (MBA).

Markit will be providing liquidity metrics and composite liquidity scores for European ABS and leveraged loans that are covered by its pricing services, according to a release from the firm.

The Treasury Market Practices Group (TMPG) just issued new best practice recommendations for trading and settlement in the Treasury, agency debt, and agency MBS markets.