A look at stories across HousingWire’s weekend desk…with more coverage to come on bigger issues:

The Federal Deposit Insurance Corp. (FDIC) reported no bank closures over the weekend. The last bank to be shut down by regulators was 1st American State Bank of Minnesota, which closed on February 5 at an estimated cost of $3.1m to the FDIC's deposit insurance fund.

The FDIC on Friday issued a statement regarding its loss-sharing agreement with OneWest Bank, the thrift holding company that was formed by a consortium of private investors to manage IndyMac Federal Bank.

In the statement, FDIC director of public affairs Andrew Gray addressed "blatantly false claims" in a video regarding the loss-sharing agreement between the FDIC and OneWest Bank.

"Here are the facts: OneWest has not been paid one penny by the FDIC in loss-share claims," Gray said. "The loss-share agreement is limited to 7% of the total assets that OneWest services, and OneWest must first take more than $2.5bn in losses before it can make a loss-share claim on owned assets. In order to be paid through loss share, OneWest must have adhered to the Home Affordable Modification Program (HAMP)."

Gray added: "The producers of this video perpetuate other falsehoods. The FDIC has not requested to borrow money from the Treasury Department. Indeed, we continue to be funded by the banking industry through assessments, not by taxpayers as claimed in the video."

The delinquency rate on commercial MBS conduit and fusion loans rose by more than 50 bps in January, driving the total rate to 5.42% in February, according to a report by Moody's Investors Service. The total delinquent balance is more than $36bn - a $3bn rise over the previous month. It marks the largest increase in the delinquency rate, by dollars and basis points, as recorded in the current downturn by Moody's.

The office loan delinquency rate rose 34 bps to 3.53%, while multifamily loans grew 63 bps to 8.77% delinquent. Hotel loans rose 75 bps to 9.82% delinquent, the highest of all commercial loan categories (illustrated below).

A class action securities lawsuit was filed against Bank of America ($7.95 -0.16%), alleging the company violated the Securities Act of 1933. According to the complaint, BofA did not disclose to securities investors the degree to which its loans, leases, collateralized debt obligations (CDOs) and CMBS were impaired. The suit seeks to recover damages on behalf of investors that acquired certain securities and then lost money when the investments underperformed.

According to a press release from the law firm representing the plaintiff in the case, BofA reported $1.72bn of CDO-related losses, a $2.99bn allowance for loan and lease losses during Q409 and $853m of CMBS-related write-downs.

The Federal Reserve Bank of New York bought another $11bn in agency mortgage-backed securities (MBS) from Freddie Mac ($0.00 0%), Fannie Mae ($0.00 0%) and Ginnie Mae last week. The $11bn of net purchases brings total net purchases to date to more than $1.18trn - or nearly 95% of the program's $1.25trn purchasing power, according to weekly commentary by the JP Morgan MBS strategy team.

And across the pond, scarce new sellers of homes in the United Kingdom bumped up asking prices by 3.2% from January to an average £229,398 (US$359,499), according to the February house price index released Monday by UK property Web site Rightmove.

Scarcity of London property for sale and high demand pushed the average asking price up by 5% to a new record of £427,987, Rightmove said. That price is up 10.3% from a year earlier.

“A price jump of 5% is more comparable to the pre-credit-crunch boom-times and has raised the average asking price in London to the highest it has ever been," said Rightmove commercial director Miles Shipside. "Sellers are setting their sights higher, and some agents are going along with them in order to win scarce instructions. If sellers return to the market in larger numbers the current upwards price pressure will not be sustainable with the restricted number of mortgage-strapped buyers.”

Write to Diana Golobay.

Disclosure: The author holds no relevant investment positions.