Sara Lepro

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

Valuing mortgage servicing rights is tricky in normal times. The foreclosure-documentation mess threatens to make the process even more difficult.

Valuing mortgage servicing rights is tricky in normal times. The foreclosure-documentation mess threatens to make the process even more difficult.

For the senior executive vice president of community banking at Wells Fargo & Co., the key is remembering a time when she herself felt like a valued bank customer.

Bank of America is halting foreclosure sales in all 50 states as it extends its review of foreclosure documents.

The potential for banking to have a powerful impact on the lives of many was a theme echoed throughout the evening among more than 600 people gathered to honor women.

The state of Ohio takes GMAC Mortgage to court over fraudulent affadavits of foreclosures; servicers feel foreclosure pressure in the Golden State too.

Ohio became the first state to level a civil fraud suit against a major servicer, claiming the company misled courts in hundreds of foreclosure cases.

With Fannie Mae and Freddie Mac now requiring that all mortgage servicers review how they handle foreclosures, more questions are being raised about the impact that potentially invalid affidavits will have on the foreclosure process, on servicers and the industry overall.

Bank of America Corp. has joined GMAC Mortgage and JPMorgan Chase & Co. in delaying some foreclosures while it investigates potential problems in the processing of court documents.

Bank of America Corp. has joined GMAC Mortgage and JPMorgan Chase & Co. in delaying some foreclosures while it investigates potential problems in the processing of court documents.

USAA Federal Savings Bank has teamed up with UPS Inc. to offer in-store check depositing services.

GMAC employee who rubber-stamped foreclosures is immortalized in a slang dictionary; defaulted borrowers buy back homes they lost at discounts.

Some national lenders are ramping up offers of unsecured personal loans to consumers who can no longer borrow against their home equity and have grown disillusioned with credit cards.

Carrie Tolstedt, Wells Fargo & Co.'s senior executive vice president for community banking, has been awarded the No. 1 spot this year on U.S. Banker magazine's list of the 25 Most Powerful Women in Banking.

Federal regulators implicitly rebutted the view that banks are refusing to take losses on second mortgages that are current but at risk of default.

Federal regulators implicitly rebutted the view that banks are refusing to take losses on second mortgages that are current but at risk of default.

Think Finance said it has received a $90 million credit facility from Victory Park Capital Advisors of Chicago to help it expand its offerings.

GMAC Mortgage's admission this week that certain foreclosure-related documents were not verified or signed in the presence of a witness has thrust the issue of inadequate documentation back into the spotlight.

Compared to rents and incomes, home prices may now be back to historical norms; appraiser shares horror stories; and more.