RMBS

Ally Financial disclosed Tuesday that it will incur a $270 million charge in the fourth quarter – and an overall loss for the entire firm – due to what it calls “penalties” imposed by regulators and the states tied to “foreclosure related matters.”

DZ Bank sued JPMorgan Chase yesterday in the New York State Supreme Court in Manhattan, according to a Bloomberg report.

The agency debt and agency MBS fails charge trading practice recommended by the Treasury Market Practices Group (TMPG) goes into effect tomorrow.

A proposal by the Obama administration to help more struggling borrowers refinance into cheaper loans is prompting questions: Could it prompt an increase in interest rates, after a long period of low rates? And is this a program that can relieve the housing crunch, or just another Band-Aid?

The Consumer Financial Protection Bureau (CFPB) released its first semi-annual report to Congress Monday, outlining the steps it has taken to get the bureau off the ground in its first six months.

Boutique investment bank The Williams Capital Group has added a new division called Eland Capital to address structured finance opportunities for corporate, federal, state and local government clients.

Lender Processing Services (LPS) has responded to the civil complaint filed by the Nevada Attorney General Catherine Cortez Masto against the company in December last year.

A federal judge on Monday indicated he plans to dismiss National Credit Union Administration (NCUA)’s suit against RBS Securities for the sale of failed MBS to WesCorp Federal Credit Union, a ruling that potentially jeopardizes all of NCUA’s claims against Wall Street banks for the failure of the five corporate credit unions.

Commercial banks have experienced an increase in demand for commercial real estate loans since October, according to a Federal Reserve survey released Monday afternoon.

As Rep. Scott Garrett seeks to pass the first significant financial reform law since the Dodd-Frank Act, a lot of forces are arrayed against him.