One of the co-chairs of the new federal/state RMBS Working Group is preparing to file cases in the next few weeks against Wall Street firms involved in the packaging and selling of RMBS.

Seyfarth Shaw hired Frank Burke for the firm’s Los Angeles offices as a litigation partner.

Pillsbury has hired Anthony Schouten and Jeffrey Stern for its finance group as partners in New York.

Expanding the debt-to-income criteria and including investors under the new Home Affordable Modification Program (HAMP) proposal can have a significant impact on non-agency RMBS modification volumes, Bank of America Merrill Lynch analysts said.

Barclays is looking to buy up notes in ACA CLO 2005-1, a CLO managed by Apidos Capital Management, in an apparent effort to exercise the deal’s call option.

The National Credit Union Administration (NCUA) is proposing new rules for troubled debt restructurings that will cover how all federally insured credit unions account for delinquencies, charge-offs, and income related to troubled home mortgages.

Bank of America is ready to unload yet another multi-billion package of mortgage servicing rights, according to bidders and industry advisors familiar with the bank's plans.

When weighing financial-aid offers, among students’ concerns are how much debt they will have at graduation and how much they will owe in loan payments each month.

The Treasury Department late Friday unveiled a new plan to expand the Home Affordable Modification Program (HAMP) by increasing the incentive fees it pays investors including Fannie Mae and Freddie Mac for agreeing to reduce the principal amount of a mortgage.

Manager Activity: Autos Book Runner Amount (US$ Mil) Rank Mkt.

2012 2011 2010 ABS (Public + 144A) 26,097.7 17,569.6 19,548.5 ABS (Public + 144A excluding CDOs) 25,917.2 16,449.8 19,373.5 ABS (Public Only) 20,964.1 9,977.2 7,986.0 ABS (144A Only) 5,133.5 7,592.4 11,562.5 Non-Agency MBS 4,340.1 10,986.2 2,134.6 Agency MBS 15,750.9 51,829.5 88,313.2 CMBS 1,990.1 7,580.0 2,048.0

MORTGAGE DATA 30-yr. Fixed 15-yr. Fixed 5-yr Treasury 1-yr Treasury- MBA Refi Home Purchase Rate Mortgage Rate Mortgage Indexed ARMs Indexed ARMs Index Index Week ending 03/01/12 3.90%