Lawmakers sided with community banks on Tuesday in expressing concern that a pending risk retention rule and other new regulations will soon drive small institutions from the mortgage business.

Two key lessons from the lengthy details of two mortgage securities-related regulatory settlements seen in the past week boil down to this first, don’t leave anything out and secondly, stick to the facts.

The American Bankers Association (ABA) believes the role of the GSEs and FHA in the mortgage market should be gradually reduced so that 60% of home financing comes from the private sector with “no government aid.”

Housing prices rose 0.7% in April, snapping eight straight months of declines, as home values increased in 13 of the 20 cities in the Standard & Poor's/Case-Shiller house price index.

The New York State Court of Appeals reinstated a $5 billion fraudulent conveyance and breach of contract lawsuit brought by bank policyholders against MBIA.

The Depository Trust & Clearing Corp. (DTCC) has appointed Noel Donohoe to the newly created position of executive managing director and group chief risk officer.

Angel Oak Capital Advisors has launched its Angel Oak Multi Strategy Income Fund to invest in ABS.

The June ABX remittance report showed that while loss severities and delinquency rates are improving, CDRs and modification rates saw a slight increase, as reported by Bank of America Merrill Lynch analysts.

RBC Capital Markets named Charles Smith as a managing director in its U.S. leveraged finance investment banking group and Mark Goldstein as a managing director in its U.S. financial sponsors investment banking group.

Stephen Reilly, head U.S. loan trader at Nomura Securities International, has left the bank, according to a report by Bloomberg.

Moody’s Investors Service is asking for market feedback on a proposed follow-up to its operational risk guidelines concerning ABCP programs in a Request for Comment (RFC) issued yesterday.

Last month’s record-breaking U.S. used auto prices will help improve existing auto lease ABS, but will hurt future auto lease securitizations, according to a report by Moody’s Investors Service.