Kate Berry

Donald H. Layton, formerly head of E-Trade, seeks to streamline operations at Freddie, cites strain of operating under conservatorship and describes his motivation as public service.

Angry shareholders and protesters pelted CEO Brian Moynihan with insults and complained about everything from Countrywide to coal ash. Drama aside, management prevailed in shareholder votes on executive pay and other matters.

B of A's annual meeting drew hundreds of protesters, and shareholders complained to CEO Brian Moynihan about the company’s foreclosure practices.

A coalition of activist groups is planning a massive demonstration of as many as 1,000 participants at Bank of America's annual meeting in Charlotte, N.C., on Wednesday.

"We've been pretty aggressive" marketing the revamped refi program to customers, says a Fifth Third mortgage executive. Lenders are making so much money on secondary market sales they're practically "stealing it."

Wells Fargo plans to give its underwriters more control in approving mortgages that it retains in its own portfolio, as the bank tries to add high-quality assets to its balance sheet.

A coalition of 23 banking industry trade groups urged the Consumer Financial Protection Bureau on Friday to adopt a safe harbor protection from lawsuits for lenders that originate qualified mortgages when the bureau issues a final rule this year.

A surge in mortgage lending drove strong profits for banks of all sizes in the first quarter, with some banks attributing the improvement to new regulations.

Goldman Sachs shareholders will decide next month whether to reelect board member James A. Johnson, a former CEO of Fannie Mae, who is facing vocal opposition from a large mutual fund investor.

Raj Date, the deputy director of the Consumer Financial Protection Bureau, said Friday that the agency wants to avoid creating "disincentives" for mortgage lenders and banks as part of the qualified mortgage rule.

The acting head of the FHFA said Thursday he is “deeply concerned” about underwater borrowers, but that forbearance plans and short sales already serve as forms of principal reduction.

Comptroller of the Currency Thomas Curry on Thursday urged eligible borrowers to sign up for the OCC's foreclosure-review process, and suggested that homeowners who didn't like the results would still be able to sue their mortgage servicers later.

As if Bank of America doesn't have enough to deal with, a spoof Web site popped up Wednesday and published a fake letter from Chief Executive Brian Moynihan claiming the bank "isn't working anymore."

New York Community Bancorp Inc. on Wednesday posted a 76% first-quarter jump in mortgage banking revenue from a year earlier, as the bank saw robust growth in multi-family and commercial real estate loans.

A group of fair housing advocates said Tuesday it plans to file a discrimination complaint against U.S. Bancorp, claiming the bank failed to maintain and market real estate-owned properties in minority neighborhoods.

Some lenders say the change will curtail abuses by consumers who try to hide debts. Others fear FHA's new guidelines will constrain credit just when the housing market needs it.

As the gridlock in mortgage servicing starts to abate, how to quickly dispense with all that "real-estate owned" on banks' balance sheets is a quandary.

A federal judge rejected an attempt by the Securities and Exchange Commission to compel Wells Fargo to comply with an administrative subpoena, ordering the agency and the bank to meet to resolve their dispute over documents related to an MBS probe.

The largest banks are charging relatively high interest rates to borrowers that qualify for a government refinance program, according to analysts, who say that the trend bodes well for mortgage profits in the second quarter.

Wells Fargo made repeated promises in the past six months to turn over documents and emails to the Securities and Exchange Commission but repeatedly failed to do so, according to a complaint filed in federal court on Friday.