Wells Fargo Home Mortgage is embracing residential reforms mandated by the new national servicing standards, regulatory consent orders and the Dodd-Frank Act, according to an executive at the nation’s largest servicing shop.

There were 60,000 completed foreclosures in the U.S. in June 2012, according to CoreLogic’s National Foreclosure Report for June released today.

Marathon Asset Management has appointed investment services provider BNY Mellon as trustee, collateral administrator, paying agent and calculation agent for its $356 million CLO.

Knight Capital Group hired Robert Cestari and David Simek for its institutional fixed-income sales and trading group.

Babson Capital Management has launched a middle market lending group, the Springfield, Mass.-based investment management firm said.

The securitization market kicks off this week the way it usually does nowadays — with an auto ABS transaction.

Barclays Capital analysts believe that the temporary and minor increase in prepayments from the Special Direct Consolidation program will have a limited effect on FFELP ABS bond valuations, according to the firm’s latest Consumer ABS Weekly.

Bank of America (BofA) is ready to hit the market with a $100 million package of residential servicing rights backed mostly by nonperforming loans guaranteed by Freddie Mac, according to industry advisors familiar with the deal.

In expanding its note sale pilot program, the Department of Housing and Urban Development (HUD) is imposing new certification requirements on servicers that are willing to assign defaulted Federal Housing Administration (FHA) loans for the upcoming sales.

Gleacher & Co. Securities, a broker-dealer subsidiary of Gleacher & Co., hired seven professionals to the MBS and rates division in its New York City office. Glen Riis and Samir Shah have been hired as managing directors while Eric Baeri, Samuel Hernson, David Kaplan, Anthony Mun, and Jeffrey David Weaver have joined as directors.

Several years back Ocwen Financial was both a subprime lender and held a thrift charter—two businesses that have long since gone down the road of extinction.

Kenneth Margala has been hired as director at Cantor Commercial Real Estate (CCRE) where he will focus on loan origination.