The European Commission (EC) on Thursday unveiled its latest draft of the Market in Financial Instruments Directive (MiFID) II proposals, which are designed to crack down on high-frequency trading and extend the Commission's regulation of the equities, commodities and derivatives markets.

The California's Attorney General office subpoenaed Bank of America Corp. this week for the sale of mortgage-backed securities under false pretenses, according to a Los Angeles Times report.

Equifax is expanding the availability of technology it’s developed to aid mortgage investors analyzing whole loan portfolios before and after they’re purchased.

A federal judge has ruled the massive $8.5 billion settlement between Bank of America and several large investors who lost billions on private label MBS will be heard in federal court.

Half of the 12 Federal Reserve Banks reported an increase in mortgage refinancings by lenders operating in their districts, according to the central bank's new 'Beige Book' report.

Consumer credit defaults were higher for first and second mortgages in September from the previous month, according to the S&P/Experian consumer credit default indices.

Mortgage rates were little changed in the week ending October 20 according to Freddie Mac's weekly survey. 30-year fixed mortgage rates averaged 4.11% with an average 0.8 point, down one basis point from last week.

Residential home prices may get a boost from an unlikely source: a pickup in short sales, which occur after default, but before a foreclosure auction.

The buy side and the sell side at the Securities Industry and Financial Market Association are in agreement and sticking to their guns on some issues that could shape how shelf eligibility for securitizations will take shape, including the issuer's certification, the role of a credit risk manager in transactions and arbitration.

Cerberus Capital Management, L.P., appointed J.P. Morgan Worldwide Securities Services to provide fund administration and related securities services for its investment funds with aggregate assets of over $23 billion.

The rising cost of education coupled with federal loan limits on direct lending presents a growing opportunity for private student loan funding in the long run, according to the panelists at the IMN's ABS East 2011 Student Loan panel.

Rising foreign investment flows into U.S. commercial real estate bode well for the CMBS sector, said Standard & Poor’s in a release.