Bank of America Corp. said it reached a $190 million agreement to resolve a six-year-old legal claim from Federal Home Loan Bank of Seattle over mortgage-backed securities sold before the financial crisis.

A federal judge approved Goldman Sachs Group's $272 million settlement with investors who claimed the bank misled them about the safety of billions of dollars worth of residential mortgage-backed securities.

Servicing rights are high-yielding assets, making them attractive investments for hedge funds, real estate investment trusts and banks.

The Consumer Financial Protection Bureau will propose changes in late July to its mortgage disclosure rule to provide "greater certainty and clarity" to the mortgage industry.

The House passed a bill Thursday that would authorize state insurance commissioners to approve flood insurance policies for Fannie Mae, Freddie Mac and other federally backed mortgages.

During the mortgage crisis, servicers recruited people from the origination business to help with loan modifications. Now the two sides of the industry are coming together in a new way.

Ocwen Financial Corp. has fulfilled its consumer relief obligation under the National Mortgage Settlement ahead of schedule. But that doesn’t mean it’s in the clear yet.

Cost improvements weren't enough to keep Ocwen Financial Corp. out of the red during the first quarter.

Consumer Financial Protection Bureau Director Richard Cordray sent a four-page response to Sen. Bob Corker, R-Tenn., about new mortgage disclosures but fell short of providing any new official guidance to address industry concerns.

A recently enacted requirement from the Securities and Exchange Commission places liability for collateral assets within securitization trust funds squarely on the shoulders of a depositor's chief executive, prompting calls for more extensive due diligence procedures.

Large lenders are pushing the Federal Housing Administration to revamp its loan defect taxonomy to provide more certainty about potential errors and mistakes that could lead to enforcement actions.

The monitor of the Bank of America Mortgage Settlement distributed roughly $89 million Tuesday to legal assistance groups in nine states from a fund for federal tax assistance.

Technology startups diving into mortgage lending are doing a lot of things well … except servicing, warned a mortgage industry consultant who has advised them.

The courts would not be getting involved in defining the reach of the Consumer Financial Protection Bureau if the architects of the agency had instituted a commission to oversee it.

The Department of Housing and Urban Development said Friday that an agreement was reached between Fidelity Bank and the Fair Housing Project of North Carolina Legal Aid.

Senate appropriators approved $13 million in new funding to update the Federal Housing Administration's "outdated and unautomated" information technology systems, but rejected President Obama's proposed way of paying for it.

The Consumer Financial Protection Bureau is expected to finalize its second round of mortgage servicing rules in July, a top agency official said. Laurie Maggiano, a program manager for servicing and secondary markets at the CFPB, also offered insights into the bureau's long-anticipated rulemaking on debt collection.

As the war for talent heats up and lenders face tougher decisions in recruiting and hiring loan officers, the need to deploy certain tactics might seem appealing, but will ultimately create more problems than they are worth.

The statute of limitations on private lawsuits against trustees and servicers of housing bubble-era residential mortgage-backed securities could run out in a few years.

Despite his loss in the New York primary on Tuesday, Sen. Ted Cruz is fighting hard to win the Republican nomination. But eliminating the CFPB could be an even tougher challenge if he is eventually elected president.