National Credit Union Administration late this week filed suit against the bank for securities fraud in a $1.1 billion MBS sale to two credit unions.

Post crisis dealer floorplan ABS transaction have higher credit enhancement requirements than deals done before 2009, according to Sept. 9 Barclays Capital report.

Stranded assets, dealer floorplan, rental car, franchise, aircraft and container ABS should be treated as corporate credit risk to avoid the hefty risk capital based charged to off-the-run Consumer ABS deals, said a Citibank report today.

New hire Margaret Kerins will build BMO’s strategic product as part of its global fixed-income platform, including MBS.

Today a three-judge panel of the appeals court reversed a ruling that favored the investment bank in 2010.

The nation’s top ranked servicers completed 66,000 proprietary loan modifications in July, a 40% jump from June, according to a new report from the Hope Now alliance.

ResCap is seeking a nine-month extension of its exclusive right to file a reorganization plan that would settle legal claims related to Ally and MBS investors.

As commercial banks weigh the effects of Basel III on mortgage servicing rights and capital, nonbank residential servicers are posting the strongest growth rates in the industry.

Rates have dropped 11 basis points over the past two weeks and are within six basis points of July's record low 3.49%.

The Dusseldorf, Germany-based bank claims Citigroup and Goldman Sachs made "material misrepresentations" about the loans backing the securities

Increased adverse selection in pre-2005 RMBS mortgage pools has led to higher delinquencies for pre-2005 loans, according to a Fitch Ratings report.

The Aon Benfield report said that 2Q12 concluded the most active first half in five years.