Servicing

An investment consortium organized by private real estate firm Colony Capital has agreed to purchase two portfolios of commercial real estate mortgages from the Federal Deposit Insurance Corp.

Bank of America Merrill Lynch is looking to build on AEGON USA Realty Advisors' commercial real estate lending expertise to source new lending opportunities for its securitization program.

Last week's accelerated run-up in yields on the 10-year Treasury had been essentially reversed on Monday, but were still above where they started the month at.

Vulture fund PennyMac Mortgage Investment Trust last week entered into a $125 million repurchase agreement with Citibank, N.A., according to a new public filing.

The New York Supreme Court last week ruled that MBIA Insurance Corp. did not have any way to discover if GMAC Mortgage intentionally misrepresented the true nature of MBS that MBIA insured.

Prepayment speeds on all Fannie Mae and Freddie Mac MBS rose 6% and 8%, respectively, during November, but likely will slow soon in the months ahead, according to a new market report from Annaly Capital Management, New York.

Borrowers that call a hotline to have their loan-mod case reviewed are handed off to a nonprofit group created by a large mortgage servicer and largely funded by the industry.

Arizona Attorney General Terry Goddard filed a lawsuit against Bank of America Friday morning, alleging that the nation's largest servicer of residential loans committed "widespread consumer fraud" in its handling of loan modifications.

The board of Fortress Investment Group LLC has named a replacement for board member and veteran mortgage-backed securities trader Howard Rubin. The company — headed by former Fannie Mae CEO Daniel Mudd — also said it would not pay a fourth-quarter dividend in order to preserve capital.

Fannie Mae and Freddie Mac have again delayed implementation of new mortgage and appraisal delivery requirements in the 'Uniform Mortgage Data Program', according to lender updates released Thursday.