Fortress Investment Group appears to be the winning bidder on a $50 billon package of mortgage servicing rights being peddled by Bank of America, according to industry analysts watching the deal.

The Royal Bank of Scotland filed with the Securities and Exchange Commission yesterday to issue a CMBS under its Commercial Mortgage Passthrough Certificates trust.

The European Central Bank's (ECB) new €40 billion ($55 billion) covered bond purchase program (CBPP2) kicked off yesterday with a €1 billion dual tap issuance from Credit Mutuel Arkea's program.

MBIA presented a brighter picture of its future on Thursday.

With CLO issuance on the rise, it’s easy to forget that there are a number of regulatory threats to this important source of liquidity for corporate loans.

The Oklahoma Police Pension and Retirement System has sued U.S. Bancorp alleging that the bank failed to ensure that the securities sold to the fund were backed by loans properly transferred to trusts, according to a Bloomberg report.

Regulators have identified how borrowers may have been harmed by a multitude of foreclosure errors, but they are largely leaving it to the servicers and their consultants to figure out how to fix it.

Home prices, which have fallen nearly 6% over the past four quarters (ending June 30), could fall another 3.6% by 2Q11, according to analysts at Fiserv, which owns and generates the Case/Shiller house price indexes.

The RMBS and related CDO sectors lead the pack in both realized and expected future credit losses from U.S. structured finance issuances, according to Fitch Ratings.

Volkswagen is going to issue a $750 million auto lease transaction under its Volkswagen Auto Lease Trust 2011-A.

Ocwen Financial Corp. this morning said it would raise $375 million of new equity and use some of the proceeds to buy $15 billion of mortgage servicing rights from JPMorgan Chase.