Two new Japanese credit card receivable securitizations that total of JPY4 billion ($52 million) are in the market.

Sales of homes that were in some stage of foreclosure or bank-owned status accounted for 31% of all residential transactions in the second quarter, a slight decline from 1Q11, according to new figures released by RealtyTrac.

In an ironic twist, the commercial banking industry is coming to the defense of the Consumer Financial Protection Bureau (CFPB).

The recent sell-off pushed mortgage rates higher by seven to eight basis points for the week ending Aug. 25.

Bank of America has reached an agreement to sell 50,000 shares to Berkshire Hathaway in a private offering.

In November of 2009, Charles Taylor, director of the Pew Financial Reform Project, wrote a letter to the editor of Financial Times advocating higher capital requirements for banks.

Scottish Widows Investment Partnership (SWIP) has boosted its fixed-income team by appointing Sarah Wall as senior ABS investment analyst.

When the new Home Affordable Modification Program (HAMP) was gaining some momentum in the fall of 2009, it became evident that servicers were being deluged with applications from struggling homeowners.

U.S. Bankruptcy Court for Massachusetts Judge Melvin Hoffman earlier this week ruled that Deustche Bank did not have the legal right to foreclose on a mortgage that is part of a securitization.

Demand for multifamily loans is pushing the Federal Housing Administration (FHA) into the big leagues with Fannie Mae and Freddie Mac.

Freddie Mac's third "K" multifamily mortgage deal backed by seven-year mortgages has come to market.

Global multi-asset investment manager PineBridge Investments announced the closing of its CLO called Galaxy XI CLO, Ltd.