RMBS

The Federal Housing Administration (FHA) soon will roll out a special refinancing program to help underwater homeowners take advantage of historically low loan rates.

Conventional speeds increased less than expected in July, with 30-year FNMAs and FHLMC Golds up 5% to 7% versus an over 15% projection.

U.S. Bank Corporate Trust Services hired Joseph Giordano as senior vice president and manager of its CDO business.

People once thought guaranteeing conventional, thoroughly underwritten mortgages with near Treasury-level funding costs was a lucrative, low-risk business. Freddie Mac's forthcoming second-quarter results could provide a reminder why.

Obama administration officials are pushing the largest banks to voluntarily adopt certain provisions of the Dodd-Frank regulatory reform law early, according to people with knowledge of the matter.

The Senate approved legislation late Wednesday designed to help the Federal Housing Administration (FHA) replenish its depleted finances.

Distressed mortgage manager Deer Park Road Corp. has hired Scott Burg as associate portfolio manager, according to published reports.

Recent U.S regulatory changes can further disrupt the European securitization market. The latest source of concern are the Securities and Exchange Commission's proposed changes to the disclosure requirements applied to ABS offerings under Rule 144A or Regulation D.

The Federal Reserve Bank of New York may require seller/servicers of nonprime mortgages and CDO sponsors to repurchase certain loans out of mortgage trusts that are controlled by the agency.

FGIC Corp., the holding company of beleaguered bond insurer Financial Guaranty Insurance Co., announced Wednesday that it had filed for Chapter 11 bankruptcy protection.