The $200 million civil settlement with Regions Financial Corp.'s brokerage unit this week was the sort of case that the Securities and Exchange Commission (SEC) and state regulators believe should guide industry behavior.

International regulators eased back slightly on a proposed capital surcharge for the largest institutions, setting a range below the expected 3%.

Ford Credit is currently marketing Ford Credit Auto Lease Trust 2011-A (FCALT 2011-A). Joint lead managers on the transaction are Deustche Bank Securities, JPMorgan Securities, and Morgan Stanley.

2011 2010 2009 ABS (Public + 144A) 79,895.1 73,463.6 79,519.1 ABS (Public + 144A excluding CDOs) 76,412.7 72,213.3 77,976.8 ABS (Public Only) 44,473.2 32,105.4 52,142.2 ABS (144A Only) 35,421.9 41,358.2 27,376.9 Non-Agency MBS 36,513.0 11,021.0 5,730.5 Agency MBS 208,488.8 252,791.6 107,237.5 CMBS 21,783.9 11,589.0 2,468.9

Manager Activity: Autos Book Runner Amount (US$ Mil) Rank Mkt.

MORTGAGE DATA 30-yr. Fixed 15-yr. Fixed 5-yr Treasury 1-yr Treasury- MBA Refi Home Purchase Rate Mortgage Rate Mortgage Indexed ARMs Indexed ARMs Index Index Week ending 07/21/11 4.52%

A new Office of Comptroller of the Currency (OCC) survey will give home builders and Realtors more reason to complain that banks are continuing to tightened their underwriting standards and choke off credit to homebuyers.

Lawyers for former executives and directors of WesCorp FCU told a federal court here yesterday that National Credit Union Administration's (NCUA) new suits claiming JPMorgan Securities and RBS Securities misrepresented the sale of risky MBS to the one-time $34 billion corporate should disprove the agency’s claims of negligence in a multi-billion federal lawsuit brought against them.

A new avenue of attack may be opening up for investors seeking to force big banks to buy back billions of dollars in mortgages: drag the trustees into the fight.

A report from the National Association of Home Builders (NAHB) found that a decrease in loan limits for Fannie Mae, Freddie Mac and the Federal Housing Administration set to take effect on Oct. 1 would have a negative impact for the housing market.

BNP Paribas announced several senior appointments within its fixed-income division as part of a strategic plan to build out its emerging markets and U.S. dollar capabilities.

Freddie Mac's issuance of MBS declined in May for the fifth consecutive month to a 27-month low as refinancing activity continues to wane.