RMBS

While the call for the creation of a catastrophic insurance fund for MBS has been gaining ground in recent weeks, two leading Federal Reserve Board economists are poised to push the concept one step further, suggesting a backstop for all ABS.

As part of its disposal of U.S. consumer banking businesses, HSBC Holdings is shopping HSBC Mortgage Corp. around. As with many yard sale offerings, the property's attractiveness is up for debate.

Barclays Capital analysts turned to overweight from underweight on the agency MBS basis.

State Street Corp. made enhancements to its risk analytics and servicing tools for institutional buyers.

All homeowners current on their mortgages need to be refinanced into a mortgage with a 4.5% interest rate to help the economy, said Ted Jones, the chief economist at Stewart Title.

The Federal Reserve Board, the sole bank holding company regulator for decades, is about to experience a pretty new concept: a teammate.

Mayer Brown appointed Dominic Griffiths as the new head of the banking and finance group in London.

New industry research confirms what servicers and loss mitigation specialists have been saying in recent months: demand for short sales is going through the roof.

Today the Federal Reserve Bank of New York bought $3.609 billion in Treasury debt maturing from 2016 to 2020, published reports said.

The average 30-year fixed rate during the week ending Aug. 19 once again dropped to another low as it has continued to fall at a pace that could theoretically benefit even borrowers who got loans relatively recently.