On April 20 a judge decided that a case seeking to reverse bond insurer MBIA's 2009 transformation into two companies will go to trial on May 14.

April 27
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  • The Federal Reserve Bank of New York today moved ahead with its planned auction of $1.9 billion from its Maiden Lane III portfolio that include assets from the Altius I and Altius II CDOs.

    June 13
  • SunTrust Mortgage has named two new executive presidents, hiring industry veterans from PNC Mortgage and IBM Corp.

    June 13
  • Fannie Mae, which boasts a “credit enhanced” delinquency rate of roughly 8% on its guaranteed loans, is moving closer to launching a pilot program to dispose of some of its nonperforming loans, according to industry advisors familiar with the GSE’s plans.

    June 13
  • Standard & Poor's this week reaffirmed Clayton Holdings as a third party due diligence provider for RMBS after the rating agency completed its annual review of the company.

    June 13
  • Maureen Stewart joined NewOak Capital as managing director of mortgage credit and compliance services, where she will help establish an “integrated, expert-driven mortgage credit advisory services platform.”

    June 13
  • Paramount Residential Mortgage said it has hired former Caliber Funding official Dave Pilotte as its new wholesale manager in charge of the Inland Valley area and Southern California.

    June 13
  • Europe

    The ultimate aim of the European Commission’s (EC) different regulatory initiatives is not to throw out the baby with the bathwater but to ensure that the “baby is able to grow on two solid feet and not create havoc,” said Nadia Calvino, deputy director general at the EC directorate general internal market and services.

    June 13