Comptroller of the Currency Thomas Curry on Thursday urged eligible borrowers to sign up for the Office of the Comptroller of the Currency's (OCC) foreclosure-review process, and suggested that homeowners who didn't like the results would still be able to sue their mortgage servicers later.The OCC has been at odds with the Federal Reserve Board over whether borrowers should be required to waive their legal rights as a condition of compensation under the independent foreclosure reviews being conducted by the 14 largest servicers.

The American Securitization Forum (ASF) will be holding ASF 2013 in the same spot that it did this year's conference. The industry gathering will be held at the Aria Hotel in Las Vegas on January 27-30, 2013.

PHH Corp. said today that it appointed Robert Crowl, executive vice president. He will assume the role of chief financial officer after the company has completed its 1Q12 financial reporting.

Bank of America originated just $16 billion of first and second liens in the first quarter, a 72% decline from the same period a year ago as the closing of its correspondent channel weighed heavily.

In response to industry complaints, regulators on Thursday provided precise guidance on when financial institutions will have to comply with the Volcker Rule.

The White House budget office estimates that losses caused by Fannie Mae and Freddie Mac’s reckless management and lending policies will shrink over the next 10 years and cost the U.S. Treasury just $28 billion.

Ally Financial is continuing talks with Nationstar about the REIT buying Residential Capital Corp./GMAC through a ‘prepackaged’ bankruptcy transaction, according to investment bankers familiar with the companies.

There is an increasing number of short sales of distressed residential real estate loans, Fitch analysts said today.

Student loan giant Sallie Mae reported a 36% decline in first quarter earnings yesterday, to $112 million, even as it’s growing private loan business rose by 23%, to $1.2 billion.

Fitch Solutions has launched a new package of bank credit risk indicators to directly assist credit risk managers, CVA desks and corporate treasurers to better manage their regulatory, capital adequacy and risk mitigation requirements.

Freddie Mac reported 30- and 15-year fixed mortgage rates edged two basis points higher to 3.90% and 3.13%, respectively, in the week ending April 19.

The bankcard defaults rose slightly, although defaults for other consumer loan categories dropped in March including autos, Standard & Poor's analysts noted this morning in an emailed note.