Gleacher & Co. Securities, a broker-dealer subsidiary of Gleacher & Co., hired seven professionals to the MBS and rates division in its New York City office. Glen Riis and Samir Shah have been hired as managing directors while Eric Baeri, Samuel Hernson, David Kaplan, Anthony Mun, and Jeffrey David Weaver have joined as directors.

Several years back Ocwen Financial was both a subprime lender and held a thrift charter—two businesses that have long since gone down the road of extinction.

Kenneth Margala has been hired as director at Cantor Commercial Real Estate (CCRE) where he will focus on loan origination.

Auto ABS net loss rates were 0.89% as of May 2012, increasing four basis points from April, Standard & Poor's said in a report released Friday. The previous month had the lowest rate since the rating agency started tracking them in 2006.

Chicago is the latest city to pass a resolution to hold hearings on whether to use eminent domain to seize underwater mortgages from private investors.

More records were set as the week commenced along lower coupon MBS and 10-year Treasury note yields as a result of global growth and eurozone worries.

PennyMac Mortgage Investment Trust, a fast growing buyer of mortgages from correspondents — including Jumbos — recently inked a deal to receive a $100 million repo line from Barclays Bank .

Citigroup Global Markets analysts said in a report today that, while the Countrywide RMBS settlement may still be contested by other parties, the withdrawal of Walnut's Place entities of their separate rep and warranty lawsuit means the agreement's terms are will likely be finalized soon.

National Credit Union Administration (NCUA) Chairman Debbie Matz hailed Wednesday’s federal court ruling denying a bid by Wall Street banks to dismiss NCUA’s suits regarding corporate credit union investments and said the agency is determined to see the cases through.

Neither Western nor Canadian proposals for improving credit rating agency (CRA) efficiency will be effective, according to the latest report from the Canadian non-profit C.D. Howe Institute.

New advances are providing technology to mortgage industry and secondary market participants that allows them to access detailed information about RMBS.

Even though fewer borrowers are delinquent on their home mortgages compared to a year ago, late payments rose in June, compared to May, by 3.4%, according to Lender Processing Services’ latest “First Look” report.