RMBS

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.

Six months into his tenure as MF Global's chief executive, Jon Corzine wants the futures broker to expand geographically, and he wants it to build a beachhead in investment banking.

MetLife Bank has emerged as the winning bidder on a $23 billion package of residential servicing rights auctioned off by the Federal Deposit Insurance Corp. (FDIC), according to investment banking sources close to the situation.

Today the Federal Reserve Bank of New York bought $1.379 billion in Treasury debt that are maturing from 2012 to 2013 in an outright coupon purchase.

For the last three years, private mortgage insurers have suffered two great woes: credit losses on policies written before the crisis and an inability to compete with Federal Housing Administration (FHA) prices on new insurance.

Sand Capital has acquired more than $100 million in distressed debt and REO properties, said Jay Stein, the firm's president. Sand Capital is a division of Sandor Development Co.

The ABS market has seen a deluge of transactions from the various asset classes, although the auto sector still has the lion's share of the pipeline.

The 30-year fixed mortgage rates rose for the second week in a row to an average of 4.37% with an average 0.7 point from 4.35% last week.