Ocwen Financial, operating under a settlement with New York's banking regulator that restricts its servicing portfolio acquisitions, is looking at its old private-label mortgage securities as a new profit center.

Reporting of principal forbearance losses in residential mortgage-backed securities is not reported consistently from servicer to servicer, according to Fitch.

The storm, which made landfall near Cabo San Lucas in Mexico on Sept. 15, had threatened holders of $100 million of MultiCat Mexico Ltd. (Series 2012-1) Class C notes with a 50% loss of their principal.

RMBS deals with high New York state concentrations, serviced by Ocwen face additional modification activity that could disrupt cash flow to the bonds, according to a Moody’s Investors Service report.

A judge has named Deerwood Bank winner of the bankruptcy auction for American Bank of St. Paul, in the first test of involuntary bankruptcy as a means of resolving trust-preferred debt.

Biz2Credit, an online lending marketplace geared toward small businesses, has received a $250 million investment capital agreement from Direct Lending Investments, a fund that purchases small business loans through online and peer-to-peer lending platforms.

Dick Clark Productions priced $340 million of securities backed by the fees and revenues from the group’s most recognizable television broadcasts, which includes the group's New Year’s Rockin’ Eve with Ryan Seacrest.

Issuance of catastrophe bonds reached a new record in 2014 as rising demand for relatively high yields pushed insurers to do more and larger deals to offload an ever wider variety or risks from natural disasters.

Thomson Reuters data on issuance of ABS, CMBS and CDOs for the year through Dec. 26, 2014.

View asset-backed securities that priced in the two weeks ended Dec. 26, 2014.

Credit Suisse Group AG was ordered to face a lawsuit by New York's attorney general accusing the bank of fraud in sales of mortgage-backed securities before the recession.