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MBS

HAMP Feb Report Released by Treasury and HUD

March 12, 2010 - The Treasury Department and the HUD today released February data for the HAMP.

FDIC Said to be Prepping Sale of $3 Billion of AmTrust Bank Loans

March 12, 2010 - The Federal Deposit Insurance Corp. is reportedly preparing to sell $3 billion worth of loans from AmTrust Bank.

ResCap on the Block?

March 12, 2010 - GMAC has hired Goldman Sachs to start the process of selling the company's money-losing mortgage unit ResCap.

GMAC Plans to Correct RMBS Servicing Practice by April

March 12, 2010 - GMAC Mortgage's corrective actions related to an unusual servicing practice that could hurt ratings on nearly $6 billion of RMBS it services are scheduled for completion by April 1.

Expiring Govt. Programs to Result in Higher RMBS Losses, Fitch Says

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.

Altrius Capital to Pursue Institutional Investors

March 11, 2010 - Altrius Capital Management launched an institutional investing division and hired MBS veteran Gian Russo.

Jackson Joins Wells Fargo to Trade Specified Pools

March 11, 2010 - Kevin Jackson's arrival will bolster the RMBS effort at Wells Fargo Securities.

Markit Set to Launch Index Tracking Agency RMBS

March 11, 2010 - The new release is a synthetic total return swap index that will be referencing the interest component of 30-year fixed-rate Fannie Mae RMBS pools.

Subprime Prices Increase Over 6%, Fitch Solutions Says

March 11, 2010 - Subprime RMBS prices in the U.S. reversed course this past month, with most vintages rising in value.

Freddie Mac Reports Slightly Lower Mortgage Rates

March 11, 2010 - Freddie Mac reported further easing in mortgage rates in the week ending March 11.

Barney Frank Pushes for Second Lien Principal Forgiveness

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.

Geithner: We'll Get to GSE Overhaul

March 11, 2010 - Secretary Geithner defended the administration's decision not to outline a plan for the future of Fannie and Freddie until 2011.

TARP Watchdog: Treasury Should've Went BK with GMAC

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.

Timeshare Deal in the Market

March 10, 2010 - Sierra Receivables is in the market with a timeshare-backed transaction.

FDIC Prices Second Note Offering

March 10, 2010 - The FDIC sold $1.37 billion of structured guaranteed notes backed by residential and construction loan assets from Corus Bank.