President Obama on Tuesday officially appointed Carol Galante to serve as the new acting commissioner of the Federal Housing Administration (FHA), overseeing the agency's single family and multifamily programs.

Over 80% of 'Aaa'-rated European RMBS and ABS have maintained their ratings throughout the crisis, spanning from May 2007 to May 2011, according to a new report by Moody’s Investors Service.

Citigroup chief economist Willem Buiter said the European Central Bank (ECB) plans to restart its bond-buying program ahead of this week’s auction of Italian bonds, according to a Reuters report.

Mercedes-Benz Financial Services (MBFS) is marketing an auto loan issuance of $1.25 billion. MBFS is a subsidiary of Daimler AG.

Republican leaders on the House Financial Services Committee are coming under strong criticism for taking a piecemeal approach to winding down Fannie Mae and Freddie Mac while ignoring several comprehensive GSE reform bills that address the future of the housing finance system.

Deutsche Bank Securities is currently marketing a CMBS called COMM 2011-THL Mortgage Trust worth $685 million.

BlueMountain Capital Management LLC is in the market with a $361 million collateralized loan obligation.

The largest single-family mortgage REIT, Annaly Capital Management Inc., was the most actively traded stock on the NYSE Tuesday morning, the day after it announced the pricing of a secondary stock offering of about 120 million shares.

Roughly $25 billion of Freddie Mac servicing rights that once belonged to the now defunct Taylor, Bean & Whitaker Mortgage Corp. (TBW) could hit the market by summer’s end, according to officials close to the matter.

A report by Barclays Capital said that the post-crisis performance improvements of retail auto collateral are real, and are not a result of new unseasoned issuance with low delinquencies and losses being included in calculations.

Todd Chamberlain, a 25-year veteran of the mortgage industry and the head of residential lending at Regions Financial, left the company last week to take a job with a competitor, industry officials told National Mortgage News.

When Bank of America Corp. said it would unload the servicing of its most troubled Countrywide mortgages as part of a proposed settlement with bondholders, the surprise wasn't that they doubted the bank could do the job.