RMBS

The Securities and Exchange Commission (SEC) has agreed to a six-month delay for European ABS in the implementation of rating agency requirements under Rule 17g-5 (a)(3).

The sale of distressed assets has become one of the largest segments of the mortgage business, panelists at the Mortgage Bankers Association's (MBA) Secondary Market Conference in New York City agreed.

Citigroup sold a series of mortgage-linked securities without disclosing that Morgan Stanley helped shape them while betting they would fail, according to a report by Bloomberg News.

The Depository Trust & Clearing Corporation (DTCC) has increased the number of securities in its coverage of corporate actions announced through its Global Corporate Action Validation Service (GCA VS).

Ginnie Mae announced specific details surrounding two important operational changes to its multiple-issuer pools.

Sidley Austin has added three partners to its executive committee, the committee that exercises general authority over the affairs of the firm.

The regulatory reform bill that cleared the Senate is supposed to impose risk retention requirements on MBS issued by Fannie Mae and Freddie Mac, but some legislative experts say the language adopted may have missed the mark.

The Treasury Department extended the deadline to Sept. 30 for mortgage servicers to sign Sarbanes-Oxley Act-type agreements certifying that they are in compliance with the Making Home Affordable Program.

Though House and Senate lawmakers still have plenty of issues to work out in the final regulatory reform bill, one thing is already clear: The legislation will do little to streamline the fractured financial regulatory framework.

The Mortgage Bankers Association's (MBA) chief economist is hopeful that last week's run-up in the LIBOR index could be the spark needed to light a fire under the refinancing sector.