Sara Lepro

What McDonald's did for restaurateurs, LenderCity wants to do for mortgage originators.

U.S. Bancorp Chief Executive Richard Davis should be happy that his company will escape having to pay a hefty fine for sloppy servicing practices, a fate that likely awaits the nation's top five mortgage servicers.

SunTrust Banks Inc. is refiling documents in thousands of foreclosure cases after an internal review revealed problems in the way foreclosure proceedings were handled.

Synovus Financial Corp., which ranks 55th among all residential lenders nationwide, is reportedly entertaining the idea of a sale.