Private-label

Bank of America has paid more than $2.1 billion in consumer relief in the second quarter, making strides in paying the mortgage crisis-related penalties imposed by the Justice Department, an independent monitor announced Tuesday.

Five Oak Investment Corp, a real estate investment trust that manages a portfolio of agency and nonagency RMBS, is back with a second securitization this year, according to Kroll Bond Rating Agency.

Canadian Imperial Bank of Commerce said there's "no merit" to a lawsuit filed by a unit of Cerberus Capital Management LP accusing the bank of defaulting on payments tied to U.S. real estate.

Ditech Financial is tapping the securitization market to fund advances of principal and interest payments to mortgage bondholders.

B2R Holdings, the parent company of B2R Finance, which lends to landlords, has rebranded as Lending.com.

Bank mortgage servicers suffered bigger loan losses in three high foreclosure states than their nonbank counterparts, a Moody's Investors Service report suggests.

JPMorgan Chase has paid off $3.56 billion of the $4 billion it owes in consumer relief credit as part of a 2013 settlement over marred mortgage-backed securities issued before the crisis.

MountainView Capital Holdings is offering up for bid an $80 million, servicing-released pool of performing and distressed mortgages, some of which the Federal Deposit Insurance Corp. jointly owns.

What's it going to take to boost annual issuance of private-label RMBS roughly tenfold to $100 billion-$150 billion?

Policies that seek to increase homeownership by extending more credit to homeowners are misguided, according to former Federal Housing Finance Agency chief Edward DeMarco.

Heartland Financial USA has hired Insuritas to help it expand its insurance business.

In the wake of an unprecedented U.S. housing bust that evolved into a global financial crisis, the business of bundling home loans that aren't backed by the American government into bonds that can be sold to investors has all but disappeared.

American International Group won a decision that narrowed the claims by six investment funds that opted out of a $970.5 million class-action settlement last year over allegations the insurer misled investors about its exposure to subprime mortgages.

Three former Nomura Holdings Inc. traders pleaded not guilty to charges that they defrauded investors by inflating the prices of mortgage-backed securities in the wake of the U.S. financial crisis.

Three former Nomura Holdings Inc. traders were charged with defrauding investors by inflating the prices of mortgage-backed securities, the latest cases to come out of a U.S. crackdown on deceptive sales practices in the market for complex bonds.

Years after the great American housing bust, mortgages akin to the so-called liar loans — which were made without verifying people’s finances — are creeping back into the market.

About a fifth of the $163 million in credit Citi has earned under terms of the 2014 settlement would be considered extra credit. Citi can earn extra credit by doing things such as completing loan modifications early or reducing loan-to-value ratios below certain levels.

The price of loans that underlie commercial mortgage-backed securities rose in July on a monthly basis, according to DebtX.

American Homes 4 Rent is sticking with a feature that reduces refinancing risk in its upcoming single-family rental securitization.

Marketplace lenders seek to disrupt traditional financial services with online platforms that connect borrowers to investors. But in real estate, this burgeoning sector has taken an approach that seeks to co-exist with, rather than supplant, the traditional mortgage market.