RMBS

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.

When it comes to the "buyback wars" between originators and secondary market investors, the best defense is a good offense. And that entails hiring outside due diligence firms, attorneys, and an army of in-house underwriters whose mission is to refute repurchase claims and fight off allegations that a loan was fraudulent and therefore should be bought back.

Robert Story, Jr., chairman of the Mortgage Bankers Association (MBA) reacted to the passage of S. 3217, the Restoring American Financial Stability Act of 2010.

Amherst Securities Group hired Dan Hoffman as head of sales. In this position, Hoffman will be responsible for managing Amherst's fixed-income sales group.

Former head of U.S. asset securitization at Barclays Capital Michael Wade will join Credit Suisse this summer as a managing director and co-head of asset finance in the global markets solutions group, according to an internal memo.

Dan Castro has joined institutional broker dealer BTIG. Further boosting the company’s fixed-income competencies, Castro will be creating a structured finance analytics and strategy group at the firm.

After three weeks of contentious debate, the Senate approved landmark financial reform legislation 59 to 39 late Thursday.

April was not our market's finest moment. It may have been Goldman executives who were in the hot seat, but at times it was as if, yet again, securitization were on trial.