Springleaf Financial is reportedly prepping a $292 million RMBS backed by subprime loans that were originated in the past few years, according to a Dow Jones report.

As if the stock market's wild vacillations in the past few weeks weren't evidence enough that few have a firm hold on the U.S. economy's near- and long-term outlook, Fannie Mae this week issued an analysis that says the likelihood of a dreaded double-dip recession is now a 50/50 proposition.

The Obama administration is looking at creating a major refinancing program to help the housing market and give the economy a jolt, according to industry officials.

An Australian CMBS issued by building society IMB called Illawarra Series 2011-1 CMBS Trust is in the market. The A$202.56 ($ 212.68) transaction is the third CMBS for the issuer.

London-based financial advisory firm Rothschild has taken over the CLOs of Elgin Capital.

Investors that are considering objecting to the proposed $8.5 billion Bank of America RMBS settlement may now do so by filing a short form objection seeking further information related to the proposed deal.

The Department of Housing and Urban Development (HUD) is asking Ameritrust Mortgage Bankers to indemnify the Federal Housing Administration (FHA) for possible future losses on 10 loans and reimburse the agency $183,327 for actual losses on at least one mortgage.

Wesco Distribution, a wholly-owned operating subsidiary of Wesco International, has amended its accounts receivable securitization facility.

In a report released today, DBRS said that RMBS deals should benefit from principal forgiveness as a form of loan modification in the longer term.

BTIG added three high yield sales professionals to its fixed-income group, the New York-based financial services firm said today. It also added two professionals to its convertible bonds group.

The European RMBS sector has continued its modest rebound in terms of performance and new issuance, according to a Standard & Poor's report.

An N.Y. judge is considering a petition of investors to intervene in Bank of America's proposed $8.5 billion MBS settlement.