RMBS

A former Cantor Fitzgerald & Co. trader was charged with defrauding customers by lying about prices of mortgage-backed securities, becoming the latest target of a U.S. crackdown on deceptive practices in the bond market.

One of latest proposals for reviving the private-label residential mortgage market involves improving communications between issuers and investors.

Privatizing the government-sponsored enterprises is a priority for Treasury Secretary-designate Steven Mnuchin. Here's a look at what it will take to pull off and the potential implications for the mortgage industry of unwinding the conservatorship.

Treasury Secretary-designate Steven Mnuchin's plan to remove Fannie Mae and Freddie Mac from government control could mean increased competition for lenders' loans. But it could also prompt a rise in mortgage rates.

Some banks are set to get a fourth-quarter earnings boost from their MSR portfolios, thanks to a sudden spike in yields on Treasury bonds. Add to that the prospect of further rate hikes and the potential dismantling of Basel III, and more banks could be encouraged to re-enter the servicing business.

Treasury Secretary-designate Steven Mnuchin wasted no time Wednesday wading into one of the thorniest debates in the financial services arena, saying the Trump administration would seek to end government control of Fannie Mae and Freddie Mac.

FirstKey Mortgage is marketing its fifth portfolio consisting primarily of formerly troubled first-lien residential mortgages that have rebounded to reperforming status.

Ally Financial has agreed to pay $52 million to settle probes and claims related to its role as the underwriter for subprime mortgage-backed securities in 2006 and 2007.

While nonbank servicers are expected to continue to gain greater market share in 2017, much of that growth will come from their own loan origination activity rather than mortgage servicing rights purchases and subservicing, according to a report from Fitch Ratings.

The yield on the 10-year Treasury Note will be 2.5% to 2.75% a year from now if President-elect Donald Trump pushes through his proposed tax cuts and fiscal-spending policies, said Michael Kushma, chief investment officer for global fixed income at Morgan Stanley Investment Management.