Another auto-related deal is coming to the market. World Omni Financial Corp. filed an S-3 filing with the Securities and Exchange Commission (SEC) to issue a securitization under its World Omni Automobile Lease Securitization Trust.

Standard & Poor's, Moody's Corp. and Fitch won dismissal of a lawsuit alleging that their ratings of nonprime MBS were faulty and caused five Ohio public employee pension funds to buy into these money-losing investments.

The Federal Housing Finance Agency (FHFA) Tuesday afternoon released a 37-page "talking paper" on changing GSE servicing fees, while noting that Ginnie Mae compensation – for now – will not be part of the discussion.

Overall, mortgage application activity increased 9.3% in the week ending Sept. 23 with the Refinance Index, specifically surging 11.2% to ~4240.

Standard & Poor's placed Assured Guaranty Corp. and Assured Guaranty Re on negative CreditWatch for significant concentration risk in its insured portfolio.

A top Capital One Financial Corp. executive said Tuesday that regulators and the public should be pleased that it wants to merge with ING Group's online U.S. banking unit, saying its purchase is substantially safer than other potential alternatives.

Lewtan has partnered with Thetica Systems to offer a pre-integrated bond valuation platform to MBS and ABS investors.

American Airlines is issuing a structured finance deal comprising $725.7 million of Class-A passthrough certificates., according to Moody's Investors Service.

The Securities and Exchange Commission (SEC) has charged RBC Capital Markets for misconduct in the sale of "unsuitable investments" to five Wisconsin school districts.

Jones Day hired two lawyers for its banking and finance practice in its New York office.

The current residential shadow inventory as of July 2011 dropped slightly to 1.6 million units, which represents a five-month supply, according to a CoreLogic report released today.

Home prices rose almost 1% in July following a 1.2% increase in June, according to the new Standard & Poor's/Case-Shiller house price index.