Securitization

Freddie Mac's weekly report on mortgage rates on average remained almost the same for fixed-rate mortgage rates.

The Office of the Comptroller of the Currency (OCC) issued a bulletin to banks Wednesday requiring them to disclose to customers their right to reject certain upcoming credit card changes.

Barclays Capital is said to be shopping a three-year deal in what would be the first sign of primary issuance in U.K. RMBS sector since the market shut down over a year ago, according to market reports.

New-home sales unexpectedly spiked 9.6% in July following a 9.1% rise in June, another sign that the housing market could indeed be on the mend.

With the Term ABS Loan Facility (TALF) and the Public-Private Investment Program (PPIP) the only games in town currently in the ABS market , the Information Management Network (IMN) has fittingly made these programs the focus of its upcoming 15th Annual ABS East conference.

The Mortgage Bankers Association's (MBA) Market Composite Index (MCI) increased 7.5% on a seasonally adjusted basis for the week ended Aug. 21, driven by refinancings, which zoomed even as the average rate for the 30-year fixed rate mortgage increased nine basis points.

Bank of America (BofA) maintained its perch as the nation's largest residential servicer in the second quarter but its portfolio declined by 2% compared to the first quarter, a sign that the refinancing boom could be wreaking havoc on its ability to recapture its own customers.

National Australia Bank (NAB) appointed Steve Lambert as global head of debt markets at the firm.

Pick up just about any city's newspaper or turn on any news show, and if the topic is real estate, the banking industry is likely being lambasted for foreclosing on troubled homeowners.

Capital constraints on mortgage insurance companies could impede the ability of Fannie Mae and Freddie Mac to keep up with the demand for mortgage financing during the housing recovery, according to a report by the government-sponsored enterprises' regulator.

Remittance reports for the August distribution date, representing the July collection period, were released today.

As millions of students head to college over the next few weeks, credit card issuers will be making some of their last pitches to these potential cardholders before a new law severely restricts such business.

A Treasury Department proposal aimed at reforming the private-label securities market would give federal regulators some flexibility in setting risk retention standards for the banks.

Freddie Mac reported a 30% drop in MBS issuance in July, compared to the previous month, as refinancing activity slowed dramatically.

UBP Asset Management, a fund of funds management company of Union Bancaire Privee, has appointed Matt Auriemma as co-head of structural risk analysis.

Home prices fell in the second quarter at a slower pace than in the first quarter, the first time in three years there has been an improvement from one quarter to another, according to a gauge of U.S. home prices published on Tuesday that also showed a month-over-month improvement in prices.

Investment boutique Newscape Capital Group appointed Paul Molere as a board director and head of European institutions.

In filing its petition for protection under Chapter 11 of the Bankruptcy Code, Taylor, Bean & Whitaker Mortgage Corp., Ocala, Fla. indicated its bankruptcy estates might have funds available to distribute to unsecured creditors.

As more banks work with ailing borrowers to relax the terms of their debt, a debate is brewing over how lenders classify restructured loans.

The San Diego City Employees' Retirement System (SDCERS) has made an investment in the Term ABS Loan Facility (TALF) with Metropolitan West Asset Management (MetWest). The firm will manage $80 million of the plan's assets.