Fitch’s latest 12-month forecast for rate recasts on prime and alternative-A credit residential mortgage-backed securities indicates that more than $47 billion of collateral could be affected by rate shock.

Source:Fitch: $47B in Prime/Alt-A RMBS Subject to Rate Resets

Titanium Launches REO Unit

Jan 12, 2010, 9:32 pm.

Titanium Holdings Inc., a Fort Mill, S.C., firm that contacts troubled homeowners on behalf of mortgage servicers to discuss loan workouts, has started a unit for when such efforts fail.

Source:Titanium Launches REO Unit

Fitch: U.S. Prime Jumbo RMBS Delinquencies Nearly Triple to 9%

Jan 12, 2010, 8:32 pm.

More prime jumbo borrowers are falling behind on their payments and not catching up — with states such as California and Florida driving the trend, according to a new research note from Fitch Ratings.

Source:Fitch: U.S. Prime Jumbo RMBS Delinquencies Nearly Triple to 9%

HUD Subpoenas 15 FHA Lenders for Having High Foreclosures

Jan 12, 2010, 7:02 pm.

The HUD Inspector General has subpoenaed 15 Federal Housing Administration direct-endorsement lenders as part of an investigation into why these firms have the highest default and claim rates in the nation.

Source:HUD Subpoenas 15 FHA Lenders for Having High Foreclosures

New York Thrift Had Profit Boost Thanks to Residential

Jan 12, 2010, 6:32 pm.

Elmira Savings Bank FSB of New York says the record income it posted last year was aided, in large part, by its mortgage origination business.

Source:New York Thrift Had Profit Boost Thanks to Residential

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