RMBS

A substantial number of at-risk homeowners' loans have been modified under the government’s Home Affordable Modification Program (HAMP), according to a report released today by HOPE NOW.

Moving away from Washington D.C., the American Securitization Forum (ASF) has announced that its annual conference, ASF 2011, will be held in Orlando, Florida next February.

The 30-day or more past due rate on securitized multifamily mortgages rose 28 basis points in May to 13.34%-dashing hopes that delinquencies in that sector of the commercial real estate market had stabilized.

Just 10% of the re-REMIC deals Fitch has been presented with get rated in the wake of a number of restrictions it has put in place over the last year and ratings in the category are less volatile as a result of the move.

Ally Financial,formerly GMAC, is getting back into wholesale mortgage lending by extending the centralized underwriting team it uses for correspondent and retail lending to brokered loans.

Bob Howard, a mortgage industry veteran who has worked in both the prime and nonprime sectors, is working with a nonbank lender to enter the jumbo market.

Despite near record low mortgage rate levels, refinancing response was very muted for the week ending May 28.

CitiFinancial, the Baltimore-based consumer finance subsidiary of Citi Holdings, New York, has provided some details on how it is separating its business into two segments.

Standard & Poor’s appointed Howard Esaki as managing director and head of the rating agency's new global structured finance research department.

It's no secret that the GSEs have been demanding billions of dollars in loan buybacks over the past year, but now Freddie Mac is warning that some of its seller/servicers may not meet their repurchase obligations.