Finance

Deutsche Bank is marketing its $941 million CMBS conduit deal, which according to market reports, looks set to be followed by more issuers looking to tap the market.

Some CMBS special servicers are charging undisclosed fees to borrowers seeking modifications, according to Fitch Ratings. And there is concern that this may be the beginning of a trend.

After months of pressure from Congress and consumer advocates, the Federal Reserve Board released new details Monday about how mortgage servicers plan to follow regulatory directives that they improve their foreclosure systems.

Barclaycard on Tuesday became the latest credit card lender to benefit from Bank of America Corp.'s crash diet, by scooping up a $1.3 billion SLM Corp. or Sallie Mae card portfolio.

The recently unveiled HARP 2.0 initiative should be “fully” operational in 30 days and is already exceeding expectations, according to Department of Housing and Urban Development secretary Shaun Donovan.

During a pair of appearances Tuesday on Capitol Hill, top housing officials from the Obama administration sought to reassure members of Congress about the financial condition of the Federal Housing Administration.

The Federal Reserve Bank of New York announced the sale of the rest of the securities in the Maiden Lane II LLC (ML II) portfolio.

The Secretary of the Commonwealth of Massachusetts has fined State Street Corp. $5 million over its role as investment manager in the Carina CDO.

Wells Fargo & Co. unveiled specific new terms in the national mortgage servicing settlement on Tuesday, providing the most detailed summary to date of what concessions banks did and did not win from federal and state officials.

Freddie Mac announced a new offering of its multifamily MBS called Structured Pass-Through Certificates.

Traccr has said that a structured products specialist Swiss client has executed a $5 million bespoke credit-linked note (CLN) through the firm's electronic platform.

The Carlyle Group said today it completed the acquisition of the management contracts of four European CLOs with total assets of €2.1 billion in from Highland Capital Management, an alternative asset management firm based in Dallas.

Domino's Pizza said today it plans to issue a new securitization deal that will refinance outstanding debt tied to a $1.85 billion 2007 securitization deal.

Huntington National Bank is planning to sell an auto transaction worth $1 billlion. For the Securities and Exchange Commission filing related to the offering, please click link.

Steep spreads in the Eurobond market may provide incentives for Turkish banks to issue deals backed by diversified payment rights (DPRs) this year, said Standard & Poor's in a text box accompanying a video presentation on Turkish DPRs.

The Federal Housing Administration (FHA) is following through with its pledge to increase upfront and annual insurance premiums on its forward single-family business.

The backlash against the Volcker Rule has officially gone global. While U.S. banks are still up in arms about how regulators propose to implement the trading ban, the protests sound just as loud from foreign institutions and even their governments, which fear the U.S. is stepping outside its jurisdiction.

Fitch Ratings thinks that the decision Monday by the U.S. Appeals Court in Manhattan to send back the proposed $8.5 billion Countrywide Financial Corp. (CFC) RMBS settlement back to state court might facilitate its approval. Bank of America Corp. (BAC) bought CFC in an all-stock deal in 2008.

U.S. consumers are still in the process of de-leveraging, mainly by reducing their residential mortgage debt, Standard and Poor's analysts cited fourth quarter 2011 New York Federal Reserve data.

Bond insurer Ambac Financial Group is offering the Internal Revenue Service (IRS) $102 million to settle the agency’s $800 million claim against it.