Securitization

Discover Financial Services more than doubled its third-quarter net income to $649 million, as its customers increased their spending and its credit card loan portfolio grew for the first time in over two years.

Dallas County District Attorney Craig Watkins this week filed suit against MERSCORP, seeking a judicial determination of whether the industry's use of the Mortgage Electronic Registration System (MERS) is legal in the Lone Star State.

The State Board of Regents of the State of Utah is in the market with a $397 million SLABS deal series 2011-1.

Today's Freddie Mac mortgage rate survey is somewhat less relevant than it would have been otherwise after yesterday's late afternoon Federal Open Market Committee statement.

Dislocation in the primary market continues to highlight value in some of the more non-traditional asset classes.

The Federal Reserve Wednesday afternoon revealed that it will start purchasing agency MBS once again as a way to help support the mortgage market.

Lender Processing Services (LPS) has released its First Look mortgage report on August 2011 month-end mortgage performance.

Europe's primary securitization market woke up from its summer lull with the pricing of an RMBS deal and two new credit card securitizations that are in the market today.

Nomura Holdings has hired two executives for its leveraged finance group, a source familiar with the situation confirmed. The additions come in the wake of several high profile departures from the Japanese bank.

A Florida court ruling could make it harder for mortgage servicers to use computer records as evidence for foreclosure without verifying the underlying information.

Moody's Investors Service has downgraded the ratings of Bank of America Corp. (BAC) and Wells Fargo & Co. The rating agency said that the U.S. government is less likely to support the bank, if needed.

European structured finance company Bishopsfield Capital Partners has hired Arjan van Bussel as a new partner to boost its advisory, real estate and structured finance businesses.

An increase in covered bond and structured finance issuance volumes will likely be one of the effects of the removal of implicit state-support for large U.K . banks, according to Fitch Ratings.

Despite mortgage rates in and around record lows, mortgage application activity was relatively unresponsive for the week ending Sept. 16.

Consumer Portfolio Services (CPS) is in the market with a $109.9 million auto deal called CPS Auto Receivables Trust 2011-B (CPSART 2011-B).

Foreclosed borrowers will be able to lodge complaints about their lender and seek a review of their case under recent consent orders issued against the 14 top servicers, a senior regulator said Monday.

As reported in a story published in StructuredFinanceNews.com yesterday, Federal Housing Finance Agency acting director Edward DeMarco reviewed the operating principles at work in the GSEs' conservatorship, highlighted some of the current initiatives and risks, and offered his thoughts on these agencies' future.

Dock Street Capital Management is acting as liquidiation agent for the deal called Rockville CDO I. There will be two separate sales to be held on Sept. 27.

Fannie Mae and Freddie Mac should bundle at least 200 REO properties in a given metropolitan area into one pool to attract bids by large investors that are willing to rent out single-family homes for at least three years, according to Laurie Goodman, a senior managing director Amherst Securities Group (ASG).

The housing finance sector will have to wait until next year for the final rule on what constitutes a 'qualified residential mortgage' (QRM), the unofficial head of the Consumer Financial Protection Bureau (CFPB) told a regulatory forum in Washington.