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BlackRock Inc. and other investors agreed to an $8.5 billion settlement with Bank of America Corp. over mortgage loans rather than risk litigation and the bankruptcy of its Countrywide Financial unit.
June 5 -
Most industry stocks were down by more percentage-wise than the Dow, but the most any one individual MIEC stock was down on the day was just 4.65%
June 4 -
Taylor Capital Group plans to enter the mortgage-servicing business through the purchase of servicing rights and facilities from Liberty Savings Bank.
June 4 -
Stonegate Mortgage Corp. is launching a fixed-rate jumbo loan product line through its retail offices and more than 700 approved third-party originators in 32 states.
June 4 -
The yield on the 10-year Treasury note has surged in the past month as some Fed officials have said the Fed could slow bond purchases.
June 4 -
Fairholme Capital Management owns $2.4 billion in preferred stock of the two government-sponsored enterprises.
June 3 -
The settlement ends an effort by International Fund Management of Luxembourg, DekaBank of Germany, and other investors to recover losses.
June 3 -
Resolutions that had been contributing to lower late-pays previously dropped sharply during the month.
June 3 -
BNY Mellon has responded to a market practices groups recommendation that exposures from forward-settling transactions, inclusive of agency mortgage-backed securities, be margined bilaterally.
June 3 -
Zais Financial Corp. has closed on a $150 million committed financing facility which it will use to purchase whole residential loans.
June 3
