RMBS

The Bank of England (BoE) has introduced additional eligibility and disclosure requirements for ABS and covered bonds to be accepted in its operations. It has also extended the range of collateral eligible for its discount window facility (DWF) to include portfolios of loans to individuals and non-banks. The extension will take place in 2011.

Citigroup paid out $210 million for loan buybacks in both the first and second quarters, according to company executives.

The real estate segment at GE Capital, Norwalk, Conn., lost $524 million in the second quarter of 2010, about twice as much as a loss of $237 million for the same period one year ago.

JPMorgan Chase is taking a hard line with some borrowers who want to sell their homes for less than they owe on the mortgage and avoid foreclosure.

The Department of Housing and Urban Development (HUD) has requested public comment on proposed policy changes designed to reduce the risk of loans insured by the Federal Housing Administration (FHA).

Although the Senate finally voted Thursday to send regulatory reform to the president's desk, policy circles are already abuzz about what changes to seek in a "corrections" bill to fix problems with the legislation.

The Securities and Exchange Commission’s (SEC) division that reviews public company filings is creating three specialized offices to enhance its disclosure review and policy operations, the SEC announced today.

The Securities and Exchange Commission (SEC) said Thursday that Goldman Sachs agreed to pay $550 million and reform its business practices to settle charges that the securities firm misled investors in marketing a synthetic CDO known as ABACUS 2007-AC1.

At the Securities Industry and Financial Markets Association's (SIFMA) regulatory reform summit held in New York yesterday, panelists discussed the just-passed regulatory reform bill's impact on the financial industry.

Panelists at the Securities Industry and Financial Markets Association’s (SIFMA) regulatory reform summit discussed the implications of the newly passed financial reform bill on the securitization industry. The gathering was held yesterday in New York.