RMBS

The Capital Markets Cooperative (CMC) has formed a strategic partnership with with WL Ross & Co.

Treasury Secretary Tim Geithner on Wednesday said the U.S. would implement proposed international capital rules aimed at helping financial institutions withstand future crises by 2012.

Responding to market demand, the Federal Housing Administration (FHA) is now offering a newly modified version of the Home Equity Conversion Mortgage (HECM) product that requires lower upfront premiums.

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.