STOCKS FALL: Here's What You Need To Know

First the scoreboard:

Dow: 13,384.29, -50.92, -0.38%
S&P500: 1,461.89, -4.58, -0.31%
NASDAQ: 3,098.81, -2.85, -0.09%

And now the top stories:

• Ten of the country's largest mortgage servicers including JP Morgan, Bank of America, and Citigroup will pay a total of $8.5 billion to settle foreclosure abuse claims. In a separate case, Bank of America reached an agreement with Fannie Mae, and will pay $10.3 billion to settle claims on "existing and prospective repurchase requests" and an additional $1.3 billion to meet its servicing obligations.
• After a good run-up last week, stocks opened modestly lower this morning. There was no economic data out today. The Dow was off 75 points at one point, but pared some of its losses since. Eurasia Group: Here are the 10 biggest risks the world faces in 2013 >
• An upgrade from Morgan Stanley's Scott Devitt sent Amazon shares to a record high of $269.30 today, according to Bloomberg. Devitt upgraded the stock to 'overweight' with a target price of $325.
• Market experts are getting increasingly worried about the stock market. David Rosenberg said "the market looks overbought right now" and that recent investor confidence could be "more a story of complacency right now rather than merely confidence".
• Meanwhile, Credit Suisse's Andrew Garthwaite warned of the sudden increase in risk appetite and said, "many of our tactical indicators point to a consolidation phase in the equity markets, in the near-term".

Don't Miss: JP Morgan's Complete Guide To The Markets >