Discover Financial Services, Riverwoods, Ill., has finally closed on its purchase of LendingTree Loans, also known as Home Loan Center, from Charlotte, N.C.-based Tree.com for a total purchase price of $46 million. An additional $10 million of the purchase price is due on the first anniversary of the purchase, subject to certain conditions.

It appears that Nationstar’s acquisition of the bankrupt Residential Capital Corp. is far from a done deal.

Europe is set to start using its "best practice" label developed under the Prime Collateralized Securities project by the end of 2012.

The Federal Reserve governor spoke today at the Federal Reserve Bank of San Francisco conference on challenges in Global Finance.

Global ABS 2011 – Today kicks off Information Management Network’s (IMN) Global ABS 2012 in Brussels. The conference will be held until Thursday, June 14.

The U.S., E.U. and Japan may be at risk of failing to adopt global standards that will greatly improve the quality and quantity of capital that banks must hold, according to global regulators on Monday.

A federal judge ruled in favor of two investors involved in litigation against Bank of America, offering an alternative insiders see as a self-help way to mitigate conflicts of interest between lenders and investors of asset-backed commercial paper.

Shawn Miller has parted ways with nonperforming mortgage investor Arch Bay Capital, but is now starting a new origination firm backed by the company he left.

Three new auto-related deals are adding to what already accounts for the bulk of this year's ABS issuance.

Tranches in Freddie Mac’s multifamily securitizations — known as K-deals — are more appealing investments than their comparable conduit counterparts, even in deeply uncertain macro circumstances, said Barclays analysts in the bank’s CMBS Strategy Weekly report.

MassMutual Asset Finance LLC is marketing a $705 million equipment lease securitization.

Matthew S. Feig has hopped over to Stroock & Stroock & Lavan from Cadwalder, Wickersham & Taft. He was started June 7 in the N.Y. office as special counsel in the structured finance and insurance practice groups.