Secondary

These institutions see an opportunity in a declining market to fill a void created by competitors exiting.

The settlement is part of CEO Brian Moynihan’s efforts to resolve liabilities tied to faulty mortgages that have cost the company at least $50 billion since the financial crisis.

The title underwriter will contribute its restaurant and auto parts investments into a new subsidiary.

The pool has a relatively high concentration of 11 hotel properties securing close to 21% of the allocated loan balance.

The real estate investment trust recorded a consecutive-quarter earnings gain on Thursday that reflects slower prepayments in its agency adjustable-rate mortgage portfolio during the last three months of 2013.

Chances that Congress will move this year to wind down or transform the GSEs are dimming as lawmakers confront a split among Senate Democrats and a change at the regulator of the mortgage finance companies.

The company said it bought Morgan’s European real estate loan servicing business, boosting the amount the U.K. debt manager oversees to about $13 billion.

PHH Corp. was the largest percentage gainer among Mortgage Industry Equity Composite stocks one day after the Consumer Financial Protection Bureau alleged it participated in a mortgage insurance kickback scheme.

BlackRock Solutions as an advisor is offering more than $2 billion in bonds from 234 nonagency RMBS that the agency acquired when bailing out ING Groep.

Most mortgage-backed securities from the boom years are affected by a ruling that broadly places a statute of limitations on loan representations and warranties.