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The market for U.S. credit card ABS hit two milestones during September, both encouraging signs for the asset class.

This morning the Mortgage Bankers Association reported a 19.6% surge in the Refinance Index to 5888 in the week ending Sept. 28, its highest level since April 2009.

Residential Capital (should be barred from selling its loan servicing unit until it provides more information about the deal, investors who bought ResCap mortgages said in court papers.

Zillow, the real estate Web site, fell yesterday after the SEC asked the company to respond to questions about how it reported revenue.

Ocwen Financial Corp. and private equity firm WL Ross & Co. agreed on Oct. 3 that Ocwen will buy Homeward Residential Holdings.

The increased pace of loan resolutions for smaller loans is pushing the total delinquency rate lower, FTN Financial analysts said in a report released yesterday.

New York Attorney General (NYAG) Eric Schneiderman made clear Tuesday that investigators are prepared to bring more actions against institutions involved in the mortgage mess.

The data analytics firm reported that U.S. marketed ABS volume has reached $155.9 billion year-to-date, rising 78% from the same period last year and is the highest year-to-date volume since 2007..

An Oct. 1 8-K regulatory filing with the SEC stated that Maguire has lost the deed to Los Angeles office tower Two California Plaza. The company has defaulted on a loan in GSMS 2007-GG10.

The Federal Housing Finance Agency has said that The Cogsville Group has purchased 94 Fannie Mae properties in Chicago as part of a REO pilot initiative.