3i Debt Management has hired former Credit Suisse CLO chief Andrew Bellis to head up the firm’s global growth effort, the company said.

The credit scoring system is broken, plain and simple.

Auto and credit card securitizations are filling the pipeline this week. There is also a timeshare deal from Marriot Vacations Worldwide Corp. (MVW).

Wells Fargo & Co. ended March with $1.84 trillion of residential servicing contracts on its books, once again ranking first — but barely growing its market share.

The Mortgage Bankers Association (MBA) has formed a select committee to find a replacement to departing president David Stevens with 15 candidates being thrown into the pool, according to officials familiar with the process.

Residential Capital has rejected Warren Buffett’s offer to be the initial bidder in proposed auctions of ResCap assets, Bloomberg News has reported.

The Securities and Exchange Commission(SEC) has appointed Thomas Butler as director of the agency's new office of credit ratings, which was created by the Dodd-Frank Act.

A federal court panel said Bank of America can't consolidate multiple lawsuits involving losses suffered from the collapse of Taylor Bean & Whitaker and Colonial Bank in a multibillion-dollar fraud.

A proposal by regulators to revamp the way banks must measure risk on certain assets is alarming many community bankers who argue it will raise capital requirements, increase compliance costs and curb lending.

Dutch house prices are expected to fall by at least another 7% on the back of a deteriorating macro-economic environment, said Fitch Ratings in a report today.

Moody’s Investors Service's downgrade of Spain may have deepened the European debt crisis, but it isn't indicative of the performance securitized deals in this or other peripheral states.

Players in the asset-backed commercial paper market have learned their lessons from the financial crisis and are ready to apply them in the wake of bank downgrades by Moody's Investors Service.