Finance

As any entrepreneur, boss or parent can attest, the key to avoiding disappointment is managing expectations. Got a B student at home? Expect a C, and when he walks in the door with an A, voila! Happy days!

Delinquencies on home equity lines of credit rose a scant two basis points in the third quarter to 1.93%, according to new figures compiled by the American Bankers Association (ABA).

Two high ranking Democratic congressmen plan to hold a hearing later this month in Chicago to highlight the failure of mortgage servicers to adequately maintain foreclosed properties.

SLM Corp. or Sallie Mae is in the market with SLM Student Loan Trust 2012-1 worth $765 million.

Gibbs & Bruns in a release said today that its clients have issued instructions to trustees US Bank and HSBC to open investigations of ineligible mortgages in pools backing more than $19 billion worth of RMBS issued by different Wells Fargo affiliates.

While all eyes were on the recess appointment of its first director Wednesday, the Consumer Financial Protection Bureau (CFPB) quietly released guidance that directs supervised banks to turn over any and all information it requests.

Now that a 10 basis point hike in GSE guarantee fees has been carved into law, mortgage rates could rise by as much as 25 basis points, according to calculations done by Lenders One, a national cooperative of mortgage funders.

CenterPoint Energy Houston Electric plans to issue a $1.7 billion utility tariff securitization.

Banco BPI launched a fixed price tender offer for ten bonds across three Portuguese RMBS transactions.

Macy’s announced Wednesday night that it will be closing some of its stores while opening and replacing stores.

Freddie Mac reported 30-year fixed mortgage rates eased back to 3.91% with an average 0.8 point in the week ending Jan. 5. This is from 3.95% and matches the record low set in the week ending Dec. 22.

Federal Reserve chairman Ben Bernanke is pressuring the Federal Housing Finance Agency (FHFA) to take additional steps to make the newly implemented Home Affordable Refinancing Program (HARP) 2.0 program more accessible for homeowners with GSE loans.

The American Securitization Forum (ASF) announced today that John Walsh, acting comptroller of the currency, will give a keynote speech at ASF 2012.

Two more Standard & Poor's executives whose respective roles have included oversight of MBS ratings are leaving the company, possibly as part of an ongoing reorganization, according to a recent Wall Street Journal report.

CBL & Associates Properties closed four separate loans totaling $383 million last month.

The White House Wednesday morning signaled its intention to make former Ohio Attorney General Richard Cordray the first director of the Consumer Financial Protection Bureau (CFPB)through a recess appointment.

European buyout firm CVC Capital Partners has agreed to buy Resource America’s CLO unit in a move to expand in the U.S., the two companies said in separate statements today.

Jerome Selitto has resigned as president and chief executive of PHH Corp., Mt. Laurel, N.J., and has been replaced by the company's chief operating officer Glen Messina.

Knight Capital Group has appointed a director of institutional credit sales responsible for selling bank loans and high yield bonds to large European investors.