Bill Twombly has joined the Risk Management Group (RMG) team as the managing director of RMG’s due diligence practice. He replaces Dante Jackson who has moved on to pursue other opportunities.

European banks may opt to sell assets, rather than raise additional capital to meet higher capital ratio requirements.

Ally Financial is actively considering putting its ailing Residential Capital Corp. (ResCap) mortgage lending unit into bankruptcy, according to a report from Dow Jones.

Not surprisingly, mortgage application activity rose 10.3% in the week ending Nov. 4.

Former Federal Reserve Chairman Paul Volcker blamed financial lobbyists for overcomplicating the Volcker rule at a university talk in Singapore, according to a Reuters report.

Resolution on the Greek sovereign situation will not be enough to stave off the contagion effect to the rest of the region.

Bank of America Merrill Lynch is forecasting CLO issuance for 2012 of $15 billion, only marginally higher than the level it anticipates for the current year.

The recent prime auto ABS spread movements and new-issue pricing show that ABS investor demand for the product might be somewhat uneven, according to a Wells Fargo report released this afternoon.

There has been significant investor and Street apathy toward the non-agency market, FTN Financial analysts said in a report released this afternoon.

A domestic Mexican CMBS with a number of multinational companies attached, including Wall Mart, is expected out in the first quarter of next year, said a market source familiar with the matter. The planned size is Ps1 billion ($75 million), with a ten year maturity.

The annual fight over whether to allow the government to back higher-priced mortgages is shaping up to be a key proxy in a larger ideological war over housing finance reform.

Walter Investment Management Corp. posted a $61.7 million loss in the third quarter, citing higher operating and debt costs tied to its purchase of specialty servicer Green Tree Servicing, St. Paul, Minn.