March 12, 2010 – The FDIC extended its temporary protection for securitized assets from failed-bank seizures to Sept. 30.
March 11, 2010 – Kevin Jackson's arrival will bolster the RMBS effort at Wells Fargo Securities.
March 11, 2010 – Richard Blumenthal has filed suit against Moodys and S&P for allegedly enabling the worst economic downturn in the nation since The Great Depression.
March 12, 2010 – Loss severities on distressed RMBS loans will probably increase this year as several key government support programs expire, Fitch Ratings said in a report.
March 11, 2010 – Chris Dodd announced today that he plans to introduce a bill next week on his own with the goal of pushing it through the committee along party lines if necessary before the Easter recess.
March 11, 2010 – Subprime RMBS prices in the U.S. reversed course this past month, with most vintages rising in value.
March 11, 2010 – Freddie Mac reported further easing in mortgage rates in the week ending March 11.
March 11, 2010 – Barney Frank's call for banks to forgive principal on second liens was music to the ears of mortgage bond investors who have been pushing the idea for about a year.
March 11, 2010 – Secretary Geithner defended the administration's decision not to outline a plan for the future of Fannie and Freddie until 2011.
March 11, 2010 – A scathing report by a Congressional watchdog examining the bailout of GMAC found that the Treasury Department did not adequately protect taxpayer money.
March 10, 2010 – Commercial banks will be big buyers of agency MBS this year and help keep mortgage rates in check after the Federal Reserve withdraws from the market.
March 9, 2010 – Fitch Ratings is seeking feedback from market participants on its revised criteria for rating transactions backed by the Dutch sponsored NHG.
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In the news: Restarting ABS, Near and Far
With the boxes stacked up against the securitization market's survival, industry players have to play a careful balancing act: How to make the case for the future but still survive in the current hostile environment?
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