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  • The European Commission has launched two antitrust investigations of the credit default swaps market involving 16 banks and other entities
  • The U.S. Securities and Exchange Commission is planning to make a major examination of exchange traded funds and mutual funds’ use of derivatives a top priority this year, according to Eileen Rominger, director of the SEC’s Division of Investment Management. Click here to read the story from MarketWatch
  • The Federal Housing Finance Agency has ordered Fannie Mae and Freddie Mac to align procedures and incentives for mortgage servicers handling delinquent mortgages.
  • More than 500 banks owe an estimated $146 billion in repayments to the Department of the Treasury for bail-out funds they received through the Troubled Asset Relief Program, according to the Special Inspector General of TARP.
  • Mortgage servicers saw a 23% decline in income in the first quarter as the result of longer foreclosure timelines and regulatory crackdown on fees they charge, according to Lender Processing Services.
  • The aggregate value of commercial real estate loans that collateralize mortgage-backed securities remained flat in March to 79.8%, down from 79.9% in the preceding month, according to DebtX.