Servicing

Gov. Andrew Cuomo wants to give the state's banking regulator — one of the country's most aggressive — the power to ban "bad actors" from working in financial services, allowing it to step in when federal agencies refuse to act.

The Federal Housing Administration said it would cut the annual premium by 25 basis points starting on Jan. 27, giving President-elect Donald Trump a limited window to delay or scrap the cut.

HSBC was fined $32.5 million for failing to comply with a 2011 consent order that directed the bank to revamp its mortgage servicing and foreclosure practices.

The number of homeowners underwater on their mortgage continues to shrink as the amount of tappable home equity grows, according to Black Knight Financial Services.

Ohio has prohibited the use of plywood to board up certain vacant or abandoned properties in foreclosure.

Mortgage industry hiring and new job appointments for the week ending Jan. 6.

Weakness in the energy sector and a surge in new construction are pushing up vacancy rates at offices and hotels, leading to a spike in delinquencies on loans tied to them. The safer bet, bankers say, is lending on industrial properties.

Former Jefferies LLC managing director Jesse Litvak "lied to his customers" about the prices of mortgage-backed securities, a prosecutor told jurors as the U.S tries for a second time to win a conviction that sticks.

A California consumer group has urged the Senate Finance Committee to delay an upcoming nomination hearing into Treasury Secretary-designate Steven Mnuchin after a leaked 2013 memo described alleged illegal foreclosure practices at OneWest Bank when he was chairman and CEO.

Deutsche Bank is considering an unusual approach to providing relief to subprime mortgage borrowers as part of a $7.2 billion settlement with the U.S. government: lending money to private equity firms and hedge funds.