Servicing

A bulletin from the Consumer Financial Protection Bureau outlining new policies for mortgage servicing transfers has the industry on alert for another possible round of rulemaking coming down the pike.

The portfolios of the top four servicers all grew on a year-over-year basis, according to the Mortgage Bankers Association's study.

It is looking to sell the property within the next three years as part of a plan to consolidate its office space into a single location.

Sen. Richard Shelby isn't new to Banking Committee leadership, but he would face a crucial ticking clock if he returns as chairman of the panel next year.

The earthquake in Napa County, Calif., will not impact the rating of securities backed by residential mortgage loans on Californian properties, according to Fitch Ratings.

The Charlotte, N.C., bank has lost more than $60 billion on its acquisition of Countrywide, including the cost of last week's big settlement with the Justice Department. But its issues are hardly over. The pain will continue for years as it has hundreds of thousands of delinquent, unsellable mortgage loans to work through.

Even though home prices are higher now than last year, 8.7 million U.S. homeowners remained underwater on their mortgage in the second quarter.

The Federal Housing Administration is changing a pair of rules on interest rate payments and resets to align with the Consumer Financial Protection Bureau's qualified mortgage rule.

Flagstar Bancorp is negotiating with the Consumer Financial Protection Bureau over potential violations in the Troy, Mich., company's default servicing business.

President Obama announced an initiative Tuesday with several large banks and mortgage servicers designed to make it easier for members of the military and their families to lower their mortgage payments.