Servicing

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.

Risks and headwinds abound, but if smaller investors opt to pool their properties into multi-borrower securitizations, this market could materially grow. Lingering economic factors suggest large players will remain involved.

CWCapital Asset Management took title to Stuyvesant Town-Peter Cooper Village, Manhattan's largest apartment complex, and canceled an auction for control of the property.

WinWater Home Mortgage is planning its first sale of bonds without government backing.

Small lenders have slashed their payrolls by 9,000 workers this year.

Prosecutors have probable cause to present a grand jury with the felony case against the Federal Housing Finance Agency official accused of threatening to kill former director Edward DeMarco, a judge ruled.

Home price appreciation during the first quarter of 2014 resulted in 312,000 borrowers regaining equity in their properties.