Kate Berry

Ally Financial said Wednesday that it has repaid $2.9 billion of debt issued under the Federal Deposit Insurance Corp.’s Temporary Liquidity Guarantee Program.

They say including such data would allow independent monitor Joseph Smith to test if servicers are providing adequate relief in low-income communities, but Smith's hands may be tied by the language of the settlement agreement.

Lender Processing Services said Monday it will pay $1.8 million to settle claims by Colorado Attorney General John Suthers that it allowed unauthorized signatures and improper notarizations of mortgage documents.

The nation's top home lender has been mailing letters and refund checks to nearly 10,000 borrowers acknowledging that they received Federal Housing Administration loans when they would have qualified for less-expensive conventional financing.

The Mortgage Bankers Association on Tuesday upwardly revised its forecast for residential origination this year to $1.7 trillion, citing low interest rates that have sparked a massive refinance boom.

All banks are eager to boost wallet share, but a new survey shows that many are not doing such a good job of cross-selling one of the most basic products to their checking clients.

If proposed mortgage rules are too rigid, banks will have little choice but to restrict lending. But if they are ill-defined or too loose, banks say they face higher compliance costs and increased risk of litigation.

The Merrill Lynch litigation is settled, but an ongoing tiff with Fannie Mae means elevated repurchase claims could continue for several more quarters.

Citi, Wells and JPMorgan Chase have all taken substantial chargeoffs in response to new OCC guidance on treatment of home-equity loans, and several other large and regional banks are likely to do the same.

Despite assurances from the Consumer Financial Protection Bureau that confidential information is protected, any discussions with lawyers about lending policies and procedures could wind up haunting lenders at exam time.

Many lenders aren't waiting around for regulators to define what a qualified mortgage is and instead are making their own rules.

Angst over the scope enforcement was palpable at an Ellie Mae conference as mortgage lenders try to avoid the types of hefty fines the agency has already levied on credit card companies.

The Securities and Exchange Commission agreed to accept the settlement and forego any appeals after a California judge effectively gutted the government's case.

The U.S. Small Business Administration has chosen Wells Fargo (WFC) as the servicing agent for its 503/504 loan program, replacing Bank of New York Mellon (BK), which had the job for the past 20 years.

Two former executives at Washington Mutual, who paid fines to the Federal Deposit Insurance Corp. last year for the thrift's "reckless" lending practices, plot their next move.

The inspector general for the FHFA found no evidence that Freddie Mac discouraged homeowners from refinancing their mortgages to profit from an exotic form of interest rate hedging.

California Gov. Jerry Brown on Tuesday signed three new laws that are part of the Homeowner Bill of Rights aimed at increasing prosecutions for mortgage-related crimes.

The National Fair Housing Alliance says Bank of America has failed to maintain foreclosed properties in minority neighborhoods. It lodged similar complaints against Wells Fargo and U.S. Bancorp earlier this year.

San Diego has joined a growing list of major cities requiring banks to provide detailed data to show that they are adequately serving low- and moderate-income consumers.

The Alabama lender says it intends to lower fees and relax repayment terms in response to customer feedback, not criticism from consumer groups.