RMBS

Jumbo loan production — in particular non-GSE jumbos — has increased nicely the past few quarters, but it appears that hopes for a revival in the securitization market for these mortgages may be stillborn.

MBS, especially those paying higher rates of interest than comparable Treasurys, are gaining an increased amount of attention from investors who have been sitting on cash.

DBRS is requesting comments on the proposed legal criteria for European structured finance deals.

The Federal Housing Administration (FHA) needs to provide guidance to servicers to address an increasing number of seniors who are defaulting on their federally insured reverse mortgages, according to the Department of Housing and Urban Development's Office of Inspector General (HUD IG) .

Ever since the housing collapse began, market seers have warned of a coming wave of foreclosures that would make the already heightened activity look like a trickle.

Standard & Poor's has appointed Grace Osborne as business leader for U.S. mortgages in the firm's structured finance ratings group.

The number of "underwater" loans fell slightly to 11 million units in the second quarter, representing 23% of all outstanding mortgages in the U.S., according to new figures compiled by CoreLogic, Santa Ana, Calif.

Fannie Mae issued $42.7 billion in MBS in July, up 6.4% from June, and the highest level of MBS issuance since February for the GSE.

The Practicing Law Institute has published the first edition of Covered Bonds Handbook. Morrison & Foerster partners Anna Pinedo and James Tanenbaum edited the publication and wrote several chapters.

Mortgage rates fell to the lowest level in decades for the ninth time in 10 weeks with the average rate for a 30-year fixed-rate loan bottoming out at 4.36% for the period ending Aug. 26, according to Freddie Mac.