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The Comptroller of the Currency is preparing to levy civil money penalties against some of the nation's largest servicers for violations of state and local foreclosure laws.
February 18 -
No one has ever accused Marc Savitt of being a wallflower, which is probably a good thing, because anyone who's meek in nature probably wouldn't be taking on the Federal Reserve Board.
February 17 -
Stewart Information Services Corp., Houston, earned $10 million in the fourth quarter as operational efficiencies in its core title business helped to drive an increase in pretax profits over the same period in 2009.
February 17 -
Congress never intended federal regulators to set high down payment requirements on 'qualified residential mortgages,' according to three senators who wrote the original QRM language.
February 17 -
The House Committee on Oversight and Government Reform late Wednesday issued a subpoena, asking Bank of America to hand over all documents related to Countrywide Financial's 'Friends of Angelo' program by March 7.
February 17 -
Federal regulators and state Attorneys General may be close to a settlement with several major mortgage servicers over foreclosure processing violations, according to Federal Housing Commissioner David Stevens.
February 16 -
Alarmed by significant deficiencies uncovered as part of a regulatory review of residential servicing practices, federal banking agencies are preparing formal enforcement actions against the largest players in the receivables market that they hope will set de facto standards across the industry, according to sources familiar with the situation.
February 16 -
Elizabeth Warren, the Obama administration official in charge of setting up the Consumer Financial Protection Bureau, attacked Republican efforts to cut the agency's funding, while also previewing efforts to reform credit card disclosures.
February 16 -
The Federal Housing Administration is making it easier for existing FHA borrowers to qualify for a streamline refinancing while capping increases in the loan amount.
February 16 -
A pair of rulings from federal bankruptcy judges last week is adding a new wrinkle to the role of MERSCorp Inc. in state foreclosure proceedings.
February 15
