The Obama administration’s proposal to reform the government-sponsored enterprises was largely endorsed by participants in the non-agency market. However, a significant resumption in the issuance of non-agency mortgage-backed securities still appears to be years away... [Includes one graph]

Federal regulators are moving toward establishing national servicing standards, which could have a major impact on subprime servicers. An estimated $630.0 billion in subprime mortgages were outstanding at the end of 2010, according to a new ranking and analysis by Inside Nonconforming Markets... [includes one chart]