Servicing

New rules are illuminating a once-shadowy market where servicers can be quick to modify loans and may have few qualms about principal reduction. Discounts or equity make such flexibility possible.

Investors are moving their focus into California's less expensive, more rural areas, according to a California Association of Realtors survey.

Altisource, a mortgage data company in Luxembourg, has opened a new technology campus in Bangalore, India.

Sen. Sherrod Brown may give the country's biggest banks heartburn, but there are signs he's positioning himself as an industry ally ahead of a potential bid to run the Banking Committee.

Mortgage Contracting Services, a property inspection and maintenance company in Plano, Texas, has named Bart Vincent as its chief financial officer.

Goldman Sachs Group Inc. agreed to pay $3.15 billion to repurchase residential mortgage-backed securities to resolve federal claims tied to the sale of the bonds to Fannie Mae and Freddie Mac.

Goldman Sachs is in the final stages of negotiating $1.1 billion settlement with the Federal Housing Finance Agency, according to a news report Friday.

Delta Lloyds' latest Dutch residential mortgage securitization has an innovative work-around to regulations that make it unattractive to use swaps to hedge interest rate mismatch.

Home flipping, in which a buyer resells a property quickly for a profit, is on the decline as residential price gains slow and foreclosures dwindle.

Bank of America must pay a record amount for mortgage-related claims, but the accord still leaves questions about tax liability and other banks in the government's crosshairs.