Kate Berry has covered the Consumer Financial Protection Bureau for American Banker since 2016. She joined the publication in 2006 covering mortgage lending and the financial crisis. Berry also has covered big banks including Bank of America, J.P. Morgan Chase and Wells Fargo. She has won five awards from the Society of American Business Writers and Editors, and has worked at several news organizations including the Orange County Register, the Los Angeles Business Journal and the Associated Press. Berry began her career as a clerk at the New York Times.
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Borrowers that call a hotline to have their loan-mod case reviewed are handed off to a nonprofit group created by a large mortgage servicer and largely funded by the industry.
December 17 -
Borrowers that call a hotline to have their loan-mod case reviewed are handed off to a nonprofit group created by a large mortgage servicer and largely funded by the industry.
December 17 -
FBR report: GSEs get asset dispositions right, banks do not; foreclosure filings fall in November; Moody's: 2011 should show extent of servicing problems.
December 15 -
Making loans for the Federal Housing Administration could become a higher-cost, but also higher-volume, business if an advocacy group succeeds in stamping out what is now a common industry practice.
December 14 -
The employee and lawyer who represented Countrywide in court "may be unaware of the complexity and requirements of the securitization process," the rating agency said.
December 14 -
Move Inc. has launched a website that helps match borrowers with Cornerstone Mortgage; Pentagon Federal is offering a hybrid ARM
December 1 -
To quell doubts about its mortgage unit's handling of documents, Bank of America Corp. is distancing itself from … itself.
November 30 -
The testimony in a New Jersey bankruptcy case could complicate foreclosures by Bank of America, which acquired Countrywide in 2008.
November 19 - PH
The testimony in a New Jersey bankruptcy case could complicate foreclosures by Bank of America, which acquired Countrywide in 2008.
November 19 -
In a few extreme cases, loss severities have exceeded 100%, meaning the homes cost more to repossess and liquidate than they're worth. Investors ultimately pay the bill.
November 18 -
The OCC is leading the on-site review of MERS, in coordination with the FDIC, the FHFA and the Federal Reserve Board. The Fed is leading the interagency review of LPS.
November 17 -
Deposition suggests a servicing operation that Citi bought (and later closed) used robo-signers; Moody's has doubts about custodians; and more.
November 11 -
The foreclosure document debacle, a huge embarrassment and liability for mortgage servicers, could soon also ensnare the banks that act as trustees for securitizations.
November 5 -
The foreclosure document debacle, a huge embarrassment and liability for mortgage servicers, could soon also ensnare the banks that act as trustees for securitizations.
November 5 -
The Federal Reserve's $600 billion worth of quantitative easing is unlikely to lead to another significant drop in mortgage rates, but loan rates could continue to fall at least slightly.
November 4 -
The former GMAC aims to finish a review of 25,000 robo-signed affidavits by year-end. So far, it's found "no evidence" of improper foreclosures, CEO Michael Carpenter said.
November 3 -
Ally Financial Inc. on Wednesday reported a third-quarter profit of $269 million, its third consecutive quarter in the black, driven by strong results in both its automotive and mortgage units.
November 3 -
The top servicers are doing quality-control reviews of their procedures. Bank of America, for instance, has relocated affidavit signers to the same rooms where notaries sit.
November 2 -
With more borrowers filing legal challenges to foreclosure, many mortgage lenders have turned their back on using Merscorp Inc., which operates an electronic loan registry, to bring foreclosure actions.
October 28 -
Foreclosures in Washington cannot proceed unless a mortgage deed is recorded in a public filing, Peter Nickles, the district's attorney general said Wednesday.
October 27
