RMBS

After more than two days of debate, the House Financial Services Committee on Thursday approved its sweeping Dodd-Frank Act rollback bill.

In an attempt to show it went all out to help struggling homeowners, the embattled mortgage servicer Ocwen Financial provided an unusual level of detail about foreclosures that regulators have deemed "inappropriate."

Fannie Mae and Freddie Mac will continue to pursue opportunities for the government-sponsored enterprises to provide liquidity to the single-family rental market, despite opposition from mortgage and real estate industry group

Ocwen Financial Corp. is in talks to sell a nearly 5% stake to its biggest client, New Residential Investment Corp., as part of a deal that would finalize a long-expected sale of mortgage servicing rights.

Treasury Secretary Steven Mnuchin on Monday reiterated his goal of tackling housing finance reform within the next year, an aggressive plan for resolving a matter that has long flummoxed Congress.

First Key preps its second reperforming RMBS of the year; April CLO count reaches $29.8 billion; Toyota, Nissan file plans for notes backed by auto loans and dealer inventory financing.

Ocwen Financial's recent regulatory troubles may open the door for New Residential Investment Corp. to transfer its massive subservicing portfolio to an affiliate, Nationstar Mortgage Holdings; that could either slow or speed up repayment of bonds backed by its advance receivables.

Firms that offer loans to small-time landlords have been slow to tap the securitization market. So far there has only been one transaction with a public credit rating, in December 2016. Yet bundling these loans into collateral for bonds provides attractive financing.

Bayview Asset Management is marketing its third package of re-performing mortgages acquired last year from former subprime HELOC lender CitiFinancial Credit Corp. in a $182.98 million transaction.

Freddie Mac is preparing a second transaction designed to transfer credit risk on mortgages that have been modified in order to avoid default.