House Democrat moves goalposts for GSE reform


Rep. Gregory Meeks of New York signaled which legislative provisions Democratic leaders would accept in a bipartisan housing finance package.


Supreme Court ruling in foreclosure case is a win for lenders


In a unanimous ruling, the court placed new limits on the ability of consumers to sue law firms that handle foreclosures on behalf of mortgage servicers.


FHA urges servicers to go easy on federal workers during shutdown


The agency wants mortgage servicers to extend special forbearance plans to those affected by the partial government shutdown and evaluate borrowers for loss-mitigation options.


Servicers treating government shutdown like a natural disaster


As the government shutdown enters its third week, mortgage servicers are activating the response plans they normally use during hurricanes and wildfires to assist federal workers who may have trouble paying their mortgages.


OCC sees sharp drop in mortgages serviced by large banks


An agency report said servicing portfolios have shrunk by nearly half in 10 years as much of the mortgage market has shifted to nonbanks.


Wells Fargo layoffs begin with 1,000 mortgage, tech jobs


Wells Fargo will lay off 1,000 workers primarily from its mortgage unit in the first major round of a previously announced plan to cut the bank's workforce by as much as 10% over the next three years.


‘I lost my home because of a computer glitch’: Wells’ victims seek answers


The bank recently notified an upstate New York man that he was wrongly denied a mortgage modification, and enclosed a $25,000 check. But details of what went wrong have been hard to come by.


Wells admits wrongful foreclosures; Goldman lawyers up


The bank says a calculation error led it to deny help to distressed homeowners; a former U.S. deputy attorney general will help with in the 1MDB fraud scandal.


FHA eases document requirements for reverse mortgage insurance claims


The Federal Housing Administration is making it easier for reverse mortgage servicers to submit insurance claims by expanding the types of supporting documentation it will accept on defaulted loans.


Fannie Mae, Freddie Mac tighten capital rules for PMI companies


Fannie Mae and Freddie Mac issued new capital requirements for private mortgage insurers that will create big swings in carriers' asset reserves.