Servicing

The Boston City Council unanimously passed a bill aimed at improving banking practices in low- and moderate-income neighborhoods, including those related to mortgage lending and foreclosure prevention.

Large federal flood insurance rate increases that phase in starting Oct. 1 threaten to derail the slowly improving economy in Southeastern Gulf coast states, regional officials said.

Wingspan made its second large acquisition for 2013 by reaching an agreement with JPMorgan Chase to take over a large-scale customer service operation in Monroe, La.

In a return to pre-recession norms—and with home values rising again—more struggling consumers are prioritizing mortgage payments over other debt.

The bank will also expedite new home equity loan applications for flood victims.

The rules build on settlements the state has entered into with three providers of this product.

American Homes 4 Rent has teamed up with Johnson Capital Residential Investments to form American Mortgage Investment Partners.

Tamara Tikal's husband was already being held in custody, yet she and a partner allegedly kept his scheme going.

Currently, only about a third of all lending is for new purchase money mortgages. The rest is from people refinancing their current mortgages.

In 2Q13, there was $478 billion in loan originations, of which 36% were purchase money mortgages.