Finance

Carrington Capital Management, a unit of Carrington Holding Co., and American Home Mortgage Servicing (AHMSI) have agreed to bring to a close the action filed by Carrington against AHMSI in 2009.

Greek drama book-ended the week that led to sharp flight-to-quality trades on Monday and Friday. Meanwhile, Treasury supply weighed on the market the days in between, which caused 10-year note yields to surge to 2.047% by Thursday's close from 1.90% at Monday's close.

More than a day after the announcement of a mammoth national mortgage servicing settlement, the actual terms of the deal still aren't public. The Web site created for the national settlement lists the document as "coming soon."

Massachusetts’ top securities regulator has asked Bank of America to turn over documents related to two CLOs.

Bond-insurer Assured Guaranty Thursday announced it was doubling the quarterly dividend to 9 cents per share.

Bond insurer MBIA has admitted to making errors in its application to regulators seeking to split the company in two.

Depending on who you talked to, the massive mortgage servicer settlement announced Thursday was either a "criminal sell out" or a much-needed shot in the arm for the housing market.

Coming off a strong January for new deals, and encouraged by improved economic news, sentiment in the U.S. CLO market has taken a giddy skip from guarded optimism to bullishness — a little too bullish, according to some market participants.

We've only just begun.That was clear message delivered Thursday by state and federal officials announcing a $25 billion mortgage servicing settlement.

Barclays Capital analysts said in a report released yesterday that large region-specific note and REO auctions have become a regular feature in the past year.

In addition to national mortgage servicing settlement, Nevada has reached a side deal with Bank of America, state Attorney General Catherine Masto announced late Thursday.

The $26 billion 'robo-signing' settlement with five major servicing banks announced Thursday morning could yield nearly $35 billion in principal reductions, according to Housing and Urban Development secretary Shaun Donovan.With less than $20 billion of the settlement designated to principal reduction and refinancing underwater borrowers, secretary Donovan told reporters that the banks will not receive a dollar-for-dollar credit for reducing the principal amount of each loan.

A federal judicial panel denied a motion to include the Dallas County district attorney’s lawsuit against Merscorp in the ongoing multidistrict litigation (MDL) against the private loan registry in Phoenix.

The five largest bank servicers — Bank of America, Wells Fargo, JPMorgan, Citigroup, and Ally Financial /GMAC — today announced a $25 billion settlement with 49 state attorneys general (except Oklahoma), the U.S. Department of Justice, and the Department of Housing and Urban Development (HUD).

Many financial analysts believe that the recent Federal Reserve data highlights the return of U.S. consumer borrowing.

The government-owned Ally Financial has issued an offering book on Residential Capital Corp. in the hope that it can finally unload its money-losing mortgage division and take the rest of the company public, according to investment bankers familiar with the matter.

Sales of commercial real estate loans that are in receivership have surged in the aftermath of CMBS defaults.

Mortgage lenders issued $30 billion of Ginnie Mae MBS in January, up 9% from the previous month, according to new figures released Thursday morning.

State and federal authorities held a press conference Thursday to announce a $25 billion settlement with the five largest mortgage servicers, and provided key details on how the money was being distributed and the amounts each institution is expected to pay.