FDIC Must Face $10 Billion Lawsuit by Deutsche Bank Over Washington Mutual Loans

The Federal Deposit Insurance Corporation will have to defend a $10 billion suit over mortgage-backed securities originated by the now-failed Washington Mutual Bank, the U.S. District Court for the District of Columbia said (Deutsche Bank National Trust Co. v. Federal Deposit Insurance Corporation)…

Commercial Banks, Thrifts Report Best Quarterly Profits Since Crisis

Commercial banks and thrifts reported an aggregate profit of $29 billion in the first quarter of 2011, the highest quarterly net income since the 2007 onset of the financial crisis, according to the latest Federal Deposit Insurance Corporation Quarterly Banking Profile, released May 24…

Treasury Lays Out Options to Overhaul Housing Finance System, Unwind Government-Sponsored Enterprises

The Treasury Department released a set of housing policy options Feb. 11 that would slowly dissolve government-sponsored housing finance enterprises (GSE) Fannie Mae and Freddie Mac and transition to a much smaller and explicit federal guarantee role for the mortgage market…

U.S. Regulators Work on Risk Retention; Rigid Standards Already Set in European Union

U.S. financial regulators implementing risk retention rules under the Dodd-Frank financial reform law may have been beaten to the punch by European regulators who have already developed more…

ANALYSIS: Securitizers Gearing up for ‘CMBS 2.0’ in a Market Where Demand Outstrips Supply

Ever since the commercial mortgage-backed securities (CMBS) market flat-lined in 2008, observers have been looking for blips that signal…

House-Senate Conferees Begin Work on Financial Reform Bill; House Financial Services Panel Chair Predicts Interchange Limits Will Stay

Controversial Senate language that would cap interchange fees that retailers pay to payment card companies for use of their debit cards will likely be included in…

BNA INSIGHTS: Westward Ho: Covered Bonds Make Their Way to the Land of Opportunity

Since the securitization markets collapsed two years ago, many have asked whether covered bonds might offer a suitable alternative to commercial mortgage-backed…

Bank Profits Reach Two-Year High, but Failures Expected to Peak in 2010

Banks’ aggregate profit reached a two-year high of $18 billion in the first quarter of 2010, but the number of troubled banks also rose to 775, the highest since June 30, 1993, according to…

Regulators Acknowledge Oversight Lapses, Call for Uniform Federal Mortgage Standards

Comptroller of the Currency John Dugan told the Financial Crisis Inquiry Commission April 8 that regulators should have done a better job overseeing mortgage underwriting among…

Senate Banking Committee Chairman Dodd Introduces Financial Reform Bill with Parties Still Divided

Senate Banking Committee Chairman Christopher Dodd (D-Conn.) March 15 introduced legislation aimed at a sweeping overhaul of U.S. financial services…

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