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.

The Obama Administration is looking at ways to support the rental housing market, according to a Reuters report.

Fitch Ratings said today that its policy on unsolicited ratings will be initiated only if there is strong investor interest and if it has a materially different credit opinion on a transaction compared to the mandated agencies.

First Capital has issued $100 million in floating rate secured bonds in its second term securitization.

Many commercial real estate investors are aggressively buying properties as they believe the industry's overall fundamentals are stabilizing and in certain sectors and regions, even improving, the second quarter PwC Real Estate Investor Survey found.

New home sales fell 2% in May after a 6% increase in April as sales continue to be stuck in a low range.

Barclays Capital has appointed Larry Kravetz and Spencer Kagan to its CMBS sector to expand its CMBS origination business.

Potential issuers of private-label securities are considering a structure that will require the primary servicer to hand over newly delinquent home mortgages to a special servicer, according to a credit rating agency official.