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.

In a widely anticipated move, Bank of America Corp. announced Monday morning that it is selling half of its stake in China Construction Bank to a group of investors for $8.3 billion.

The Federal Deposit Insurance Corp. (FDIC) on Aug. 23 came out with its quarterly list of problem banks. The list decreased for the first time since the start of the financial crisis.

Another CLO manager is on the block.

In the Washington Post last week, housing columnist Kenneth Harney took an interesting look at mortgage loans guaranteed by the Department of Veterans Affairs (VA).

The Federal Reserve Board said Friday it will hold three public hearings on Capital One Financial Corp.'s proposed $9 billion purchase of online bank ING Direct USA.

In recent weeks Bank of America has been telling analysts and shareholders that it is actively selling mortgage servicing rights while offering little, or no, details on what exactly it unloaded – and at what price.

Ginnie Mae said late Friday that it is expanding the parameters for loans to be repurchased from its trusts to include those that have successfully completed a three-month trial payment period.