Jeff Horwitz

A powerful group of investors is seeking billions of dollars from JPMorgan Chase over mortgage repurchase claims. As with Bank of America before it, JPMorgan Chase may discover it difficult to shrug off its private-label mortgage claims.

A series of hush-hush deals have shifted the responsibility for servicing hundreds of billions of dollars in troubled loans to special servicers of Fannie's choosing.

Regional banks are finding that profitable growth is nearly impossible in their traditional businesses. Consequently, many are taking the untraditional approach of diversifying in areas dominated by equally beleaguered rivals.

WebEquity launches a cloud-based program for calculating and comparing loan loss reserves. Given the higher scrutiny of banks' reserving, the company claims the product can speed a bank's internal calculations and comfort regulatory concerns about process.

A new Nevada law has gummed up the works of banks seeking to process foreclosures in the state, causing Bank of America and other major players to all but halt new foreclosure starts.

Banks, the FDIC, and insurers are set to fight over whether the vague terms of director & officer liability insurance put insurers on the hook for FDIC claims against failed bank execs.

In the first criminal case involving robo-signing of mortgage documents, Nevada's attorney general filed charges Wednesday against two people accused of filing tens of thousands of false documents.

Lawyers have opened a new front in mortgage securities litigation by suing BNY Mellon and U.S. Bank over an alleged failure to properly handle the storage and recordkeeping of mortgage documents. But observers and participants in more established mortgage repurchase litigation question whether suing over trust and document custody errors is a promising fight.

Federal Judge Jed Rakoff held a hearing on a proposed $285 million settlement between the Securities and Exchange Commission and Citigroup Wednesday afternoon in which he had lawyers for both parties squirming.

Union Bank's $35 million settlement suggests that plaintiff's attorneys may drive harder bargains in a massive overdraft fee class action.

The odds that Citigroup's $285 million securities settlement with the Securities and Exchange Commission would avoid the courtroom of Judge Jed Rakoff were 97%. Citi's luck was not good.

Higher account maintenance fees are inevitable, because basic, relatively low-balance checking accounts are simply not profitable on their own.

Cursory audits of corporate pension assets leave the door wide open to reporting abuse, government and other critics been warning for years. As the risks have risen recently, trust banks that custody these investments have quietly been distancing themselves from their reported valuations.

The attempt by large banks to impose debit card fees wasn't just about wringing a bit of extra revenue out of existing customers. It was an effort by Bank of America and its competitors to rework their basic retail account business model.

A flood of overdraft cases has streamed into the Miami courtroom of U.S. District Judge Lawrence King over the past two years, but a panel of federal judges may have turned off the spigot last Friday.

The bank has little choice but to shrink itself through asset sales and layoffs, but the process is slow, demoralizing and no answer to future growth.

Bank of America CEO Brian Moynihan urged investors to look beyond the bank's poor immediate condition to what he called the "massive strategic repositioning of our franchise."

The Supreme Court is set to decide the contentious issue of whether Respa prohibits lenders from charging borrowers fees defined as 'unearned.'

In less than a year, the insurance giant has gone from aiming for the top five in home lending to putting its origination business on the block.

If the industry works seriously with the reasonable critics of its fee practices — the ones who stress disclosure — it can safely ignore the rabble-rousers.