RMBS

The Federal Reserve purchased around $2.5 billion of Treasurys in its first outright purchase of U.S. government debt since October, according to published reports. The Fed's aim was to prevent money from leaving the financial system.

Although there were sharp disagreements at a Treasury Department conference Tuesday about what kind of role the government should take in the future of housing finance, one idea in particular seems to be gaining momentum: creating an insurance fund to back MBS.

Refinancing activity jumped in the week ending Aug. 13 in response to historically attractive mortgage rate levels.

Nonprofit HOPE NOW is estimating so far in 2010 the industry has completed about 975,000 permanent loan modifications, both government and private, getting close to the one million mark.

The U.S. Treasury Department held its conference on the future of housing finance this morning. Among the speakers at the gathering were U.S. Treasury Secretary Timothy Geithner and PIMCO founder Bill Gross.

Moody's Investors Service reiterated Monday that the possible bankruptcy of Ambac Financial Group is unlikely to affect policyholders of its bond insurer subsidiary.

The U.S. Treasury Department held its conference on the future of housing finance this morning. Among the speakers at the gathering were U.S. Treasury Secretary Timothy Geithner and PIMCO founder Bill Gross.

With more clarity on the Federal Reserve's mortgage portfolio, JPMorgan Securities turned to how the market's composition will shift.

Santander is in the market with an auto ABS deal worth $700.5 million. The five-tranche offering is lead managed by JPMorgan Securities, Credit Suisse, and Wells Fargo.

Today the Federal Financial Institutions Examination Council (FFIEC) released guidance on reverse mortgages.