RMBS

The Lehman Brothers bankruptcy has proved to have long-reaching repercussions for the European ABS market.

The risk of non-calls in European RMBS was reignited last month when Portuguese bank Caixa Economica Montepio Geral said it would not exercise the scheduled call for its Pelican 2 RMBS.

Mortgage applications continued to increase, but at a slower pace even as mortgage rates set new record lows.

The Securities and Exchange Commission (SEC) issued a report Tuesday cautioning credit rating agencies about deceptive ratings conduct.

Kurtzman Carson Consultants (KCC), an El Segundo, Calif.-based provider of bankruptcy administrative services, added a director of corporate restructuring services, the firm announced Tuesday.

There is nothing new about Freddie Mac's "new streamlined, easy refinance" program announced in August, Barclays Capital analysts said in a report released today.

Home prices rose 4.4% in the second quarter on a sequential basis, erasing a 2.8% decline in the first quarter, according to the Standard & Poor's/Case-Shiller house price index released Tuesday morning.

Perhaps tipping its hand on how the fair-value fight is going, a key trade group is shifting the industry's line of attack.

New regulations will soon restrict a common way of compensating residential mortgage brokers and loan officers.

Lloyds TSB marked the end of the summer holiday with two deals, one that priced ahead of the long bank holiday weekend and a second deal that is slated to begin marketing.