RMBS

Deutsche Bank and Credit Suisse Group agreed to pay a combined $12.5 billion to resolve U.S. investigations into sales of the toxic debt that fueled the financial crisis, putting behind them a major dispute that undermined confidence in the banks and raised questions about their turnarounds.

Barclays was sued by the U.S. Justice Department for allegedly deceiving investors who bought mortgage-backed securities, according to court papers filed in federal court in Brooklyn.

Smaller companies that perform servicing are rapidly growing their loan portfolios — and not just in the default servicing space.

Credit Suisse Group may reach an agreement as soon as this week to settle a U.S. investigation into its handling of mortgage-linked securities before the 2008 financial crisis, Reuters reported.

Deutsche Bank may reach a deal as early as Wednesday to settle allegations by the Department of Justice that it misled investors when selling mortgage-backed securities, Reuters reported.

JPMorgan is returning to a familiar structure as it again pools large-market prime jumbo mortgages for investors in collateralized residential mortgage loans.

Credit Suisse Group must face New York Attorney General Eric Schneiderman's $10 billion lawsuit accusing the bank of fraud in the sale of mortgage-backed securities prior to the 2008 financial crisis, a state appeals court ruled Tuesday in a split decision.

Interest rates may climb to 3% on 10-year Treasuries by next year as deficits and inflation rise under a Donald Trump presidency and that would hurt the housing market, said Jeffrey Gundlach, chief investment officer of DoubleLine Capital.

Stanford Kurland will step down from his role as CEO of PennyMac Financial Services and its affiliate PennyMac Mortgage Investment Trust and assume the role of executive chairman of both as part of a broader executive reorganization.

SoFi Lending Corp.'s securitization of its student loan refis for high net worth individuals is now a model for its recent expansion into super prime jumbo mortgages.