Secondary

SunTrust Banks will provision $145 million in its fourth quarter results for legal expenses related to previously disclosed mortgage issues, the company said in a regulatory filing Monday.

Kenneth Phelan was hired by the U.S. Treasury Department for the newly created position of chief risk officer, a role he previously took at Royal Bank of Scotland Group and Fannie Mae in the aftermath of the financial crisis.

American Homes 4 Rent, the largest publicly traded investor in single-family rental homes, has acquired a pool of properties from a subsidiary of Ellington Management Group, in what could be a sign of further consolidation in the industry.

The Bancorp in Wilmington, Del., has sold nearly $267 million of commercial loans to an investor group.

Royal Bank of Scotland Group fell after the Times reported in London that the U.K. lender could pay at least $7.7 billion to resolve claims of misconduct in its handling of U.S. mortgage securities.

Take a look back at National Mortgage News' top stories of 2014.

Giant servicer expects to break up existing private-label mortgage securities and resecuritize $5 billion of the loans over two years.

Mortgage rates ended 2014 near their annual lows, Freddie Mac reported Wednesday.

Bank servicers have a compliance dilemma: they need to quickly shed mortgage-servicing rights ahead of Basel III at a time when regulators are keeping a close watch on the manner in which transfers are handled.

The Federal Housing Finance Agency is an uncomfortable spot in 2015, caught between a Republican majority already critical of its recent actions and an Obama administration bent on increasing access to credit in part by using the agency's powers.