The government owned Ally Financial posted a $210 million loss in the third quarter, dragged down by a $471 million pre-tax charge tied to its mortgage servicing rights.

Jones Day hired Martin Gates for its Cleveland Office as a partner in the banking and finance practice. He was previously a partner with Calfee, Halter & Griswold.

Two U.K. RMBS have been announced from Paragon Group of Companies and Barclays Bank.

The list of banks suing MBIA just got smaller. Wells Fargo Bank, formerly Wachovia Bank, pulled out of three lawsuits against the insurer that challenged the New York State Insurance Department’s approval of the restructuring of MBIA Insurance Corp. into two entities.

The new-issue private label CMBS market has been taking a breather, and how long it will last depends on what happens as far as international financial concerns and other events that have roiled U.S. and world markets.

Mortgage application activity was essentially flat at +0.2% in the week ending Oct. 28, said the Mortgage Bankers Association (MBA).

Europe might be feeling great uncertainty over how to resolve its sovereign debt crisis, but its securitization market has still managed to restart.

Because of still challenging market-making conditions, Credit Suisse Group is set to either downsize or cut altogether some securitization businesses and fixed-income units.

Greek Prime Minister George Papandreou plans to put last week's European Union (EU) bailout package to a vote. He has reignited concerns that a Greek default is unavoidable.

If the Federal Reserve launches a new round of MBS buying it could cause spreads between mortgages and Treasurys to widen — as would be expected — but it also would spur returns for broker/dealers.

IPFS Corp., through its wholly-owned subsidiary PFS Financing Corp., is issuing Premium Finance Asset Backed Notes, Series 2011-B.

Fannie Mae acquired $55.3 billion of mortgages from its seller/servicers in September, its best purchase month since March, and a sign that loan production is gaining traction in the primary market.