Discover Financial Services more than doubled its third-quarter net income to $649 million, as its customers increased their spending and its credit card loan portfolio grew for the first time in over two years.

Dallas County District Attorney Craig Watkins this week filed suit against MERSCORP, seeking a judicial determination of whether the industry's use of the Mortgage Electronic Registration System (MERS) is legal in the Lone Star State.

The State Board of Regents of the State of Utah is in the market with a $397 million SLABS deal series 2011-1.

Today's Freddie Mac mortgage rate survey is somewhat less relevant than it would have been otherwise after yesterday's late afternoon Federal Open Market Committee statement.

Dislocation in the primary market continues to highlight value in some of the more non-traditional asset classes.

The Federal Reserve Wednesday afternoon revealed that it will start purchasing agency MBS once again as a way to help support the mortgage market.

Lender Processing Services (LPS) has released its First Look mortgage report on August 2011 month-end mortgage performance.

Europe's primary securitization market woke up from its summer lull with the pricing of an RMBS deal and two new credit card securitizations that are in the market today.

Nomura Holdings has hired two executives for its leveraged finance group, a source familiar with the situation confirmed. The additions come in the wake of several high profile departures from the Japanese bank.

A Florida court ruling could make it harder for mortgage servicers to use computer records as evidence for foreclosure without verifying the underlying information.

Moody's Investors Service has downgraded the ratings of Bank of America Corp. (BAC) and Wells Fargo & Co. The rating agency said that the U.S. government is less likely to support the bank, if needed.

European structured finance company Bishopsfield Capital Partners has hired Arjan van Bussel as a new partner to boost its advisory, real estate and structured finance businesses.