Sara Lepro

Freddie Mac on Wednesday said it lost $4.07 billion in the third quarter, after a $1.6 billion dividend payment to the government.

PHH Corp. said Tuesday that the top-10 mortgage lender and servicer never used robo-signers to process foreclosures, as some of its rivals did.

A number of mortgage technology firms argue that the foreclosure documentation crisis that has erupted in the last month could be the wake-up call the industry needs to move to a completely paperless system.

A number of mortgage technology firms argue that the foreclosure documentation crisis that has erupted in the last month could be the wake-up call the industry needs to move to a completely paperless system.

Reneging on previous statements that its foreclosure paperwork is sound, Wells Fargo & Co. said late Wednesday that it planned to resubmit affidavits in 55,000 foreclosure cases after finding instances where the documents were not properly executed.

Ohio Attorney General Richard Cordray, who has been clamping down on foreclosure fraud, has become closely involved in a specific case.

Upbeat mind-set among mortgage bankers shown at an industry convention in Atlanta; an advocacy group opines on state foreclosure laws; and more.

Federal Housing Administration Commissioner David Stevens on Tuesday stressed the need for the mortgage industry to be more accountable for its past transgressions and to actively engage the next generation of homeowners.

Federal Housing Administration Commissioner David Stevens on Tuesday stressed the need for the mortgage industry to be more accountable for its past transgressions and to actively engage the next generation of homeowners.

It's unlikely the government will release its grip on the housing market any time soon, the head of Freddie Mac said Monday.

"We do need to fix the documents; we do need to fix the processes and procedures," said John Courson, president and chief executive of the MBA at the start of the organization's annual meeting in Atlanta.

American Express Co.'s profit jumped 71% in the third quarter as it set aside less to cover credit card losses and consumer spending rose.

Bank of America Corp. and GMAC Mortgage may be restarting some foreclosures, but this does not mean their legal problems with bad documents are over.

Maine woman at the center of the foreclosure doc crisis gets a reprieve; economist gives some less-than-encouraging news on state of foreclosures; foreclosure rap goes viral; and more.

Bank of America said it will begin to resubmit affidavits in 102,000 foreclosure cases in which judgment is pending in the 23 states where foreclosures are handled by courts.

Title insurers and lenders have relied on one another for more than a century to ensure the smooth transfer of property from one owner to another. The foreclosure documentation crisis has cast some doubt on that relationship.

Title insurers and lenders have relied on one another for more than a century to ensure the smooth transfer of property from one owner to another. The foreclosure documentation crisis has cast some doubt on that relationship.

All attorneys general and most state bank regulators in joint effort to investigate mortgage servicers; Mers system discussed during JPM's earnings conference call; and more.

As servicers look more broadly at all documents involved in foreclosures, the resulting delays will hamper the filing of new foreclosures — not just those already begun.

Goldman Sachs Group Inc.'s Litton Loan Servicing LP on Friday joined the litany of servicers suspending foreclosures to review their processes.