Servicing

Ocwen Financial Corp. agreed to pay $3.7 million to end a Massachusetts lawsuit claiming it didn't give homeowners required notices and illegally foreclosed on properties, the state’s attorney general said.

WinWater is the first new jumbo residential mortgage-backed securities issuer to put a deal in the pipeline since 2013. More new players could bring deals to market late this year.

An insurer tied to Apollo Global Management bought a stake in AmeriHome Mortgage Co., a lender taken over this year by a group including former Countrywide Financial Corp. executives, according to three people with knowledge of the investment.

Fidelity National Financial and First American Financial are pitching lenders additional technologies and services that complement their core title businesses. CoreLogic, by contrast, is diversifying its clientele beyond mortgages.

LenderLive Network is expanding its correspondent lending channel by offering to buy jumbo mortgages from members of the Independent Community Bankers of America.

Some regional and large community banks are retaining more mortgages for investment because better-than-average deposit growth has given them extra cash they need to deploy. However, they are selective about which mortgages they keep.

The Massachusetts attorney general's lawsuit against Fannie Mae and Freddie Mac seeks to aid a nonprofit whose CEO has close political ties to Martha Coakley's gubernatorial campaign.

Previously there were a few larger institutions assuming the majority of the risk in the mortgage servicing market, but now this risk is more evenly distributed across smaller institutions.

Wells Fargo failed to convince a U.S. appeals court that a multibank mortgage settlement in 2012 barred the government from suing over home lending practices it claims led to hundreds of millions of dollars in federal insurance payouts.

A reported $12 billion settlement with federal and state authorities could force Bank of America to take a charge eating up most of its second-quarter profits. After that, the bank may finally get to move on.