SunTrust Mortgage settles $21M mortgage discrimination suit --

SunTrust Mortgage, a subsidiary of the nation’s 11th-largest commercial bank, agreed to pay $ 21 million to resolve a lawsuit by the Department of Justice that it engaged in discriminatory lending practices.

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Private mortgage insurers write $7.1 billion in new business --

MICA members, which include Genworth Mortgage Insurance Corp., MGIC and Radian Guaranty, reported that 30,575 borrowers used private mortgage insurance when buying a home or refinancing a mortgage in April.

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Risk of mortgage fraud declines to lowest level since ’09 --

Nevada topped the list of riskiest states for mortgage fraud again after Arizona overtook it at the end of last year.

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California lawmakers and FHFA clash over Homeowner Bill of Rights --

Fourteen members of the California Democratic congressional delegation sent a letter to the Federal Housing Finance Agency Wednesday blasting its involvement and opposition to key pieces of the California Homeowner Bill of Rights package under consideration.

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Wells Fargo, RBS bring $1.1 billion CMBS to market --

The latest security is backed by 61 fixed-rate commercial mortgages for 80 properties. More than 57% of the properties are retail buildings. Another 13% are office spaces.

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