Perhaps no one in the world knows international capital rules better than Stefan Walter, the secretary general of the Basel Committee on Banking Supervision. The former New York Fed official took Basel's lead staff job five years ago and has played a key role in shaping the Basel III rules.

The Lloyds TSB Bank Plc sponsored hybrid conduit, Cancara Asset Securitization LLC, added a $120 million loan facility to its portfolio.

Yesterday the Federal Housing Finance Agency (FHFA) in its capacity as conservator of Fannie Mae and Freddie Mac filed an Appearance and Conditional Objection regarding the proposed settlement between Bank of America and a group of 22 investors being currently considered by a New York court.

Mortgage applications unexpectedly decreased by 9.6% with refinancing activity dipping 12.2% and purchase activity increasing 0.9%, the Mortgage Bankers Association (MBA) reported today.

CoreLogic said recently hired financial advisory firm Greenhill & Co. will evaluate the company's financial strategy and “explore a wide range of options aimed at enhancing shareholder value,” up to and including a possible sale or merger of the Santa Ana, Calif.-based provider of mortgage and property data, analytics, technology and services.

Bank of America later today is expected to unveil a major announcement about its residential mortgage business, including an update on its future as a correspondent buyer of home mortgages, according to industry officials.

Lender Processing Services' (LPS) July Mortgage Monitor report showed that foreclosure timelines are still on their steady upward trend with payments not having been made on the average loan in foreclosure in a record 599 days.

Late yesterday, Standard & Poor's affirmed ratings on 239 ABS classes of FFELP-backed SLABS that it placed on credit watch negative last July.

Sovereign Bank is taking its credit card operations in house.

Citigroup is marketing Apidos Capital Management’s new $395 million CLO, according to people familiar with the deal.

Invictus Consulting Group has launched a new platform where hedge funds can access hard-to-obtain and forward-looking bank stress test information to know if a bank stock is over, under or fairly valued in relation to its peers.

U.S. Bancorp is requesting the New York state court to make a Countrywide Financial unit to repurchase over 4,000 loans in a mortgage pool. This was done to repair breaches of contract related to improper underwriting, according to a Bloomberg report.