RMBS

The covered bond sector was a hot topic at this week’s Information Management Network Global ABS 2010 held in London.

The Securities and Exchange Commission (SEC) Wednesday accused the former owner of Taylor Bean & Whitaker (TBW) with orchestrating a massive equity and MBS fraud tied to his firm's warehouse borrowings from Colonial Bank, a depository it tried to take control of last summer using Troubled Asset Relief Program (TARP) money.

The regulator of Fannie Mae and Freddie Mac said it is directing the troubled GSEs to move the trading of their stocks to the Over-the-Counter Bulletin Board market while declining to answer questions about a reverse stock split.

Refinancing and purchase activity rose in the week ending June 11 as 30-year fixed mortgage rates declined to the low 4.70s on Freddie Mac's survey. The Mortgage Bankers Association reported that the Refinance Index jumped 21.1% to ~3462 - its highest level since May 2009.

The second day of Information Management Network’s Global ABS 2010 conference started with a panel that looked back at the financial crisis.

Speakers at Information Management Network’s Global ABS 2010 discussed what it would take to rebuild the European ABS market and the factors hindering it from coming back at a panel called Restoring Confidence and Rebuilding the Industry: The Role of Securitization.

Responding to the Securities and Exchange Commission's (SEC) proposed changes to Reg AB for ABS, BNY Mellon introduced new modeling and reporting capabilities.

By now you've seen the stories and heard the industry chatter about how the nonperforming loan market is humming along like a well-oiled Toyota, which might be an apt metaphor since the Japanese carmaker has a good reputation but its models keep breaking down.

The Federal Deposit Insurance Corp. has once again pushed back the auction deadline on the $23 billion AmTrust servicing portfolio, ASR's sister publication National Mortgage News has learned.

Freddie Mac and Fannie Mae have selected Veros Real Estate Solutions as a technology vendor for their Uniform Collateral Data Portal (UCDP).