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New RMBS Working Group Subpoenas Banks

January 27, 2012 – The new RMBS Working Group announced by President Obama in the State of the Union address has sent subpoenas to the 11 largest financial institutions.

Obama's New Refi Program Will Rely on FHA

January 27, 2012 – A new national refinancing program unveiled by President Obama earlier in the week will rely on the FHA to refinance private and GSE mortgages.

GE Capital Issues 2nd January Credit Card ABS

January 26, 2012 – GE Capital is in the market with GE Capital Credit Card Master Note Trust Series 2012-2 worth approximately $563 million.

• Lloyds to Launch U.K. RMBS
• Morgan Stanley Sued by Foreign Banks
• Cantor Continues Fixed-Income Group Expansion

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Featured Articles

New York AG to Head New Unit on Mortgage Origination and Securitization Abuses

January 26, 2012 – New York Attorney General Eric Schneiderman will reportedly chair President Obama's new committee investigating the MBS that are the center of several mortgage litigation claims by private investors.

NCUA Proposes New Rules For Troubled Loan Restructurings

January 26, 2012 – NCUA has proposed new rules for troubled debt restructurings.

JPMorgan: NCUA Defeats Its Case By Suing WesCorp Figures

January 26, 2012 – JPMorgan stated that NCUA's negligence suit proves that it was the shortcomings of corporate executives that caused the failure of WesCorp and three other corporate credit unions.

JPM's Dimon: Probe of MBS Issuers May Scuttle Robo Deal

January 26, 2012 – JPMorgan Chase CEO Jamie Dimon said President Obama's decision to expand investigations into home lending and sales of MBS could stop settlement talks with the states over foreclosure practices.

Bond Insurer Assured Guaranty Makes Deal With Radian Asset

January 25, 2012 – Bond insurer Assured Guaranty has reached a three-part deal with Radian Asset that expands Assured Guaranty’s portfolio and business.

Obama's Planned Mortgage Fraud Task Force Clouds Robo Settlement Talks

January 25, 2012 – Economists at the NAR are forecasting an almost 7% increase in existing home sales in 2012, following a 2% improvement last year.

RMBS Losses to Rise Significantly, R&R Report Says

January 25, 2012 – The private RMBS could see substantially rising losses in the coming months, according to a recent analysis by R&R Consulting.

Fannie's Multifamily MBS Jump 50%

January 25, 2012 – Fannie Mae's final multifamily issuance numbers for 2011 are in and they reflect a 50% increase from the previous year, according to an executive at the GSE.

Citigroup Will Buy Only 'Low-Risk' Mortgages-Memo

January 25, 2012 – Citigroup will no longer purchase "medium or high-risk" loans that could result in buyback requests from Fannie Mae or Freddie Mac,

Mortgage Applications Fall 5.0%

January 25, 2012 – Mortgage application activity declined 5.0% in the week ending Jan. 20.

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