Secondary

• Assured Sues UBS for Contract Breach in RMBS Deals

  National Mortgage News | February 6

  Assured Guaranty has filed a lawsuit against UBS' real estate securities unit over breach of contract claims.

• Risk Appetite in Repo Market Makes a Comeback, Fitch Says

  National Mortgage News | February 6

  Risk appetite in the U.S. triparty repo market is slowly returning, according to Fitch Ratings in a new report.

• Trepp: CMBS Delinquency Rate Sees Dip in January

  National Mortgage News | February 6

  In the past month, the Trepp CMBS delinquency rate has been hovering within a narrow band. For the last three months, the delinquency rate has shifted back and forth only slightly higher and lower. During this process, the rate has not gone over 9.60% or below 9.50%.

• Signs of Life in Wholesale?

  What We're Hearing | February 3

  Wholesale lending is back! OK, not exactly. Citigroup announced its exit from the channel this past week and some trade journals - not knowing their stuff - seemed to think it was the biggest story since the Hindenburg disaster. Wholesale only accounted for 9% of Citi's production.

• BPO Vendor Can Provide Experts in Areas that Include IT

  National Mortgage News | February 3

  Even though the vast majority of its services are as an outsource solution, Bensalem, Pa.-based ISGN also provides contract employees to help meet transitory needs in the mortgage industry, including IT staff.

• Measure to Ban GSE Bonuses Moves Forward in the Senate

  National Mortgage News | February 3

  A Senate bill that would bar members of Congress from trading on confidential information was amended Thursday to include a ban on paying bonuses to executives at Fannie Mae and Freddie Mac.