Bucking Trend, SunTrust, Flagstar Stockpile Mortgage Servicing Rights
Banks are dumping their mortgage servicing rights because low rates and new rules make it hard to earn a profit. SunTrust, Flagstar and First South Bancorp in North Carolina are taking the opposite view.  more »
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Mortgage industry hiring and new job appointments for the week ending Sept. 30.
The Los Angeles City Attorney's Office announced Thursday a lawsuit settlement with U.S. Bank over allegations the banking giant neglected its foreclosed properties in L.A. following the 2007-2008 housing collapse, bringing blight and squalor to some low-income neighborhoods.
California Gov. Jerry Brown on Thursday signed a bill that's designed to give widows and widowers a better shot at saving their homes when they fall behind on mortgage payments.
Artificial intelligence like IBM's Watson may not make bank compliance officers obsolete, but it could mean far fewer of them will be needed in the future, focused on higher-level tasks.
IBM will purchase Promontory Financial Group — a consultancy so influential it has been dubbed the industry's "shadow regulator" — in a move that could extend artificial intelligence into every aspect of banking.
Toledo's mortgage delinquency rate improved in July, a month after a noticeable jump.
An Atlanta housing group has won a $1 million federal grant to buy and fix up vacant homes for low-income families.
Commercial mortgage loans held by life insurance companies provided lower returns in the second quarter than the previous one, according to the LifeComps Commercial Mortgage Loan Index.
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