The Obama administration on Monday more than doubled to $61 billion a proposed fee it wants the largest U.S. banks to pay for their role in the financial crisis.

If it weren't for a recent legal settlement with Bank of America, the Federal Home Administration's (FHA) mortgage insurance fund would be in the red.

Brazilian Securities, an agency that specializes in securitizing real estate receivables, is currently in the process of selling two mortgage-backed real estate certificates, or CRIs, with a minimum ticket size of R$1,000 ($582), according to a source close to the deal.

Southwest Securities has hired two experienced traders to the firm's taxable fixed income division.

The Federal Housing Administration (FHA) will "soon" increase its annual premium on Jumbo mortgages by 25 basis points, according to government budget documents released Monday morning.

DBRS today published its U.S. Private Student Loan Performance Report for 4Q11. The study contains indices that benchmark loan performance metrics for the private SLABS sector.

Standard & Poor's said in a release Monday that GM Financial's proprietary credit scoring was a better predictor of the performance of their subprime auto ABS than FICO scores.

For the moment, the job of ensuring that the nation's largest banks comply with the terms of last week's mammoth mortgage settlement falls on just one man.Joseph A. Smith, Jr., North Carolina's banking commissioner, is charged with ensuring that the five biggest mortgage servicers — Bank of America Corp., JPMorgan Chase, Citigroup, Wells Fargo and Ally Financial — implement new servicing standards and take other steps that are required by the settlement.

Six structured finance partners formerly with Orrick, Herrington & Sutcliffe have joined Chapman and Cutler.

A mortgage banking firm specializing in U.S. Department of Veterans Affairs (VA) loans is trying to sell $4.5 billion of GNMA-backed mortgage servicing rights through Interactive Mortgage Advisors (IMA), Denver.

Servicers will likely avoid extending modifications as part of the $26 billion AG settlement since they will not be indemnified against investor lawsuits, according to a JPMorgan Securities report.

Auto ABS volume keeps getting bigger with three deals this week, further boosting the sector.