Roughly 33 full-timers will lose their jobs when Ally Financial closes its MBS broker/dealer operation, according to a company spokeswoman.

Mortgage application activity fell 2.4% in the week ending April 6, the Mortgage Bankers Association stated.

Sanctuary Housing Association and its subsidiaries, the Sanctuary Group, plan to issue a £300 million ($477 million) secured bond transaction to support their debt-management strategy.

Newedge has appointed Jeff Pollack as chief financial officer for the Americas based in its New York office.

Three banks suing MBIA accused the bond insurer of deliberately withholding damaging financial projections from insurance regulators who were evaluating its transformation.

The Consumer Financial Protection Bureau's (CFPB) latest mortgage servicing proposals have the banking industry seeing dollar signs — and not the good kind.

Home Affordable Modification Program (HAMP) servicers completed 22,260 loan modifications in February, up 24% from the prior month, according to a Treasury Department report.

National home prices declined in January from December by 0.9%, reaching a level not seen since March 2003, according to Lender Processing Services (LPS).

After having gone through an enormous disruption characterized by unexpected deterioration and massive losses, investors in residential mortgage-backed securities have a number of reasons to feel unsettled. Regulatory uncertainty clouds the market's future and mortgage originations remain at historically low levels despite housing affordability reaching its highest level since the National Association of Realtors began keeping records in 1970.

The Consumer Financial Protection Bureau (CFPB) has outlined rules that it is considering for residential mortgage servicers.

In prepared remarks today, Acting Federal Housing Finance Agency (FHFA) Director Edward DeMarco said his preliminary thoughts on using Treasury incentives to offer principal forgiveness to underwater borrowers.

Macquarie Investment Management (MIM), which is part of the Macquarie Funds Group, has appointed four senior executives to strengthen its distribution across Europe.