Secondary

Aklero and NYLX have agreed to a merger with undisclosed terms, forming a new company called LoanLogics Inc.

Real estate investment trust American Capital Agency Corp. recorded a comprehensive loss for the first quarter of $557 million.

OptifiNow, a maker of mortgage lending software, is rolling out a service to streamline paperwork and ease compliance.

Bank of America’s proposed $8.5 billion settlement with mortgage-bond investors should be rejected by a New York court, American International Group said.

Without a government guarantee, the multifamily loan programs run by Fannie Mae and Freddie Mac would be reduced in nonprime lenders that would be dependent on the private securitization market.

The Department of Housing and Urban Development is selling more notes under its Distressed Asset Stabilization Program in the second sale of this type this year.

The Topeka Federal Home Loan Bank is selling $231 million in Mortgage Partnership Finance loans on a flow basis to the Indianapolis FHLB.

Interactive Mortgage Advisors is offering $10.7 billion Ginnie Mae bulk residential mortgage servicing rights on over 62,000 loans.

MBIA said Flagstar Bancorp agreed to pay $110 million to settle a lawsuit accusing it of making misrepresentations to induce MBIA to insure mortgage-backed securitizations that defaulted.

Zacks Equity Research analysts warn that legal tussles about past mortgage-backed security deals faced by JPMorgan Chase, Citigroup and other megabanks are bound to lead to increased legal risk.