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.

Home prices rose 1.1% in June after a 1% increase in May as values in 19 of the 20 metropolitan areas tracked by the Standard & Poor's/Case-Shiller house price index registered monthly gains.

Municipalities are increasingly holding mortgage securitization trusts liable for the upkeep of properties, which could affect investors' cashflows, according to a new report from Moody's Investors Service.

Larry McDonald has joined Newedge's corporate credit sales desk as a senior director.

Bank of America Merrill Lynch analysts said that on the surface, it would seem that the buyout policy shift announced by the Federal Housing Administration on Aug. 26 is negative for GNMA buyers.

The American Securitization Forum (ASF) today just issued a model set comprising repurchase principles for RMBS.

The Obama administration is finally realizing that a major refinancing program to help troubled borrowers could help stabilize the housing market and give the economy a jolt — and it would be particularly effective if it reaches an estimated 11 million underwater mortgagors.

The Federal Deposit Insurance Corp. (FDIC) filed a petition against the $8.5 billion settlement related to losses on Bank of America MBS.