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Pacific Investment Management Co. sued Citigroup Inc. over the bank's role as trustee for $13.8 billion of mortgage-backed securities made toxic when the housing bubble burst, leading to "substantial damages."

The Federal Housing Finance Agency said Wednesday that conforming loan limits for mortgages purchased by Fannie Mae and Freddie Mac will remain at existing levels except in 39 high-cost counties.

Morgan Stanley is readying a deal backed by 57 commercial mortgages.

Home prices rose 5.7% in the third quarter from a year earlier as buyers competed for a tight supply of properties on the market.

A new Fannie Mae program allowing non-borrower income to count in qualifying homeowners for low-down-payment loans received near-universal praise from industry representatives and federal officials at a recent housing symposium.

Freddie Mac is prepping its next risk-sharing deal, according to presales from Fitch Ratings and Kroll Bond Ratings.

No two mortgage servicing rights portfolios look the same, and buyers have strong opinions about the kinds of deals they want to do. Here are some factors that can swing MSR transaction values, according to Matt Maurer, managing director at MountainView Capital Holdings.

There's been concern this year that commercial mortgage bonds are getting backed by loans that are increasingly risky.

Sales of previously owned homes retreated in October from the second-highest level since 2007 as lean inventory limited momentum in residential real estate.

The reform law's Qualified Mortgage and risk-retention rules have restricted access to credit, sowing demand for niche products offered by nonbank lenders.