Congress did not intend to impose additional legal liability on lenders that originate properly underwritten loans, according to 106 members of the House of Representatives.

Traccr has enhanced its online negotiation and trading platform for structured products, which now incorporates instant messaging to improve the communication between participants.

The House Financial Services Committee has opened a bipartisan examination of allegations that the London interbank offered rate was manipulated.

A regulator will allow bond insurer MBIA to make a payment on surplus notes issued in 2008, the company said.

In their Securitization Weekly Overview, Bank of America Merrill Lynch analysts highlighted the “unusual” co-existence of the risk-on and risk-off trades that has emerged this year.

After the Federal Reserve Bank of New York made its initial offering in late April of its Maiden Lane III (ML III) holdings, it sold about 58% ($28 billion) of the portfolio, Barclays Capital analysts said in their most recent Securitized Products Weekly.

The Bank of England (BofE) on Friday launched its Funding for Lending Scheme (FLS) that will allow U.K. banks and building societies to borrow up to 5% of their stock of existing lending to the real economy, which is equal to roughly £80 billion ($125 billion) across all potentially eligible banks and building societies.

The Prestwick Mortgage Group is offering, as exclusive broker, $58 million in private investor multifamily/commercial servicing from an undisclosed private mortgage company.

Citigroup executives remain very guarded about the outlook for the housing market and they have no immediate plans to reduce their reserves for possible mortgage losses.

The Consumer Financial Protection (CFPB) is expanding its supervisory reach to focus on the 30 largest credit reporting agencies and credit bureaus.

Auto ABS are revving up this week as a number of companies in the sector are planning to sell their securitizations including Ford Motor Co., Ally Financial, DriveTime, Honda Motor Co. and Harley Davidson Credit Corp.

The lowering of CMBS tenant credit that started in April has continued to worsen with the Standard & Poor’s downgrade of J.C. Penney, according to the rating agency’s structured finance credit review emailed this morning. S&P said that the weighted average tenant rating is now close to ‘BB-‘.