RMBS

Moody’s Investors Service has established a new team within its structured finance group. The brand new unit will conduct quantitative analysis and empirical research across asset classes and geographic regions.

Federal Reserve officials expect residential sales will "remain weak" now that the homebuyer tax credit has expired, according to just-released minutes of the June 22-23 Federal Open Market Committee (FOMC) meeting.

The Senate voted 60 to 39 this afternoon to approve sweeping changes to the financial regulatory system designed to address the causes of the 2008 financial crisis.

The U.S. Treasury Department has already started a rigorous implementation planning process to prepare for when the financial reform legislation is finalized.

Some second-mortgage holders are demanding that distressed borrowers giving up their homes through short sales pay off their junior liens — under the table.

Oregon Treasurer Ted Wheeler and Attorney General John Kroger have pursued legal action against Countrywide Financial in order to recoup nearly $29 million in losses that they say the state’s public retirement fund suffered during the mortgage crisis of year’s past.

Regulatory reform survived its last significant hurdle Thursday with the Senate moving to block further changes and hold a final vote on the bill.

With U.S. financial reform nearly through, eyes are turning to the Basel Committee on Banking Supervision, which is hammering out a set of regulatory standards intended to lay the foundation for a global overhaul.

Freddie Mac reported that 30-year fixed mortgage rates for the week ending July 15 remained the same from last week. Current rates are at their record low of 4.57% (with an average 0.7 point).

JPMorgan Chase CEO Jamie Dimon said his company was one of "many" broker/dealers that received a subpoena from the Federal Housing Finance Agency (FHFA).