Finance

The SEC wants R.R. Donnelley & Sons to turn over certain due diligence records the firm prepared for investment banks that underwrote the ResCap MBS.

The drop, however, was less than the prior week's 9.2% as lower mortgage rates likely sparked some interest.

The investors accused Citigroup of understating the risk of default of the residential loans packaged into two mortgage-backed trusts..

Fitch Ratings predicts that the factors that have contributed to more securitizations of subprime auto loans will remain in place.

The Bank of England’s program of easy money for banks and building societies may not hit ABS and MBS issuance as much as first thought.

Daniel Ornstein joined GoldenTree and is cohead of its trading business along with Corey Geis.

There is a clause in the Treasury’s revised bailout deal allowing Fannie Mae and Freddie Mac to sell up to $250 million of assets in one fell swoop.

The National Association of Insurance Commissioners may increase the capital requirements primarily on securities that are not currently classified as NAIC 1.

Nissan Motor Acceptance Corp. is planning to issue a transaction under its Nissan Auto Receivables Owner Trust.

Kelly Thompson Cochran will now serve as the acting assistant director for regulations at the Consumer Financial Protection Bureau.

The federal regulatory monitor of the robo-signing agreement with the five servicers has recruited five directors to help manage the Office of Mortgage Settlement Oversight.

Hertz Chairman Mark Frissora said that, over time, Hertz would assume Dollar Thrifty’s financing of its fleet of rental cars that are currently financed via securitization.

The National Association of Realtors projected that multifamily vacancy rates will fall to 4.2% this quarter versus 5.6% a year ago.

The most recent collateralized debt obligation rated by Standard & Poor’s would bring total issuance in the sector in the year to date to $23.8 billion, according to the agency.

ResCap has been scaling back over the past year and its ability to attract new talent could bode well for the company.

Barclays Capital said that from 2010, U.K. and Canadian credit card lenders have issued roughly $11.5 billion of ABS notes backed by non-U.S. dollar-denominated receivables.

Minutes boost QE3 odds and lower coupons

Regulators, the agencies and the Fed can help ensure that the student loan market is liquid and that there is risk pricing, said Consumer Financial Protection Bureau student-loan Ombudsman Rohit Chopra.

Borrowers are paying down their debts across a number of credit categories — with the big exception being student loans, according to new data published by Equifax.

The GSE reported Friday morning that it purchased $32.5 billion in loans from mortgage lenders in July, down from $44.1 billion in June.