Calls mount for U.S. to halt foreclosures, evictions amid health crisis


A national moratorium would be costly to lenders and servicers, but proponents say it's needed to help cushion the economic blow of the pandemic.


FHA wants banks back. Updating servicing could be the answer.


Despite changes by the Federal Housing Administration, bankers remain reluctant to join the program for fear of legal liability. But that could change if it revamps servicing processes, experts say.


Regulators issue warning on growth of nonbank mortgage sector


A report from the Financial Stability Oversight Council cited a bigger share of originations and servicing by nonbanks as a potential vulnerability in the financial system.


$11 trillion U.S. mortgage market has a shadowy new player


Financial regulators have been put on notice about the risk of an economically damaging cash crunch in the home mortgage market. Behind the concern: the rapid growth of shadow banks in the origination and servicing of home loans.


Pennsylvania regulators hit SoFi with enforcement action


The San Francisco fintech company has agreed to pay a $110,000 fine for failing to comply with a 2017 state law that requires mortgage servicers to be licensed.


GAO calls for more scrutiny of reverse mortgage servicing


The Federal Housing Administration should monitor reverse mortgage servicers more closely and track related data that would shed light on a rise in defaults, according to a Government Accountability Office report.


10 years after resurrection, BankUnited eyes Atlanta, servicing exit


The moves are part of a plan CEO Rajinder Singh discussed in a conversation with American Banker.


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.


Will single bond set stage for GSE overhaul?; Female-led firms borrowing more


SIFMA approval could bring new competitors and housing finance reform; number of applications rose but amount borrowed still lags other firms.


5 ways mortgages will shape the BB&T and SunTrust merger


SunTrust’s merger with BB&T is the largest bank deal since the financial crisis, and mortgages will play a critical role in the execution of this transaction.