Moody's Investors Service on Thursday downgraded the servicer quality ratings of two JPMorgan Chase & Co. units, citing deterioration in their collections and foreclosure processes and "operational challenges" due to the current regulatory environment.

Wincor Nixdorf AG is changing its U.S. business model, shifting from a centralized unit based in Austin, Texas to a more dispersed structure.

PNC Financial Services Group Inc. is planning to provide a mobile banking app by October for customers of its Virtual Wallet account that use smartphones running Google Inc.'s Android software.

Independent Bank Corp. in Ionia, Mich., has called off a planned a public offering in which it had intended to raise up to $110 million of fresh capital.

Another instance of an allegedly wrongful seizure of a home has surfaced in Florida.

Even if Congress and the Obama administration allow federal loan limits to fall back to pre-crisis levels in October, as expected, the limits will still be higher than they need to be, professors at The George Washington University School of Business have determined.

In finalizing its rule on the licensing and registration of loan officers, the Department of Housing and Urban Development reversed course and is now suggesting that employees working on loan modifications for mortgage servicers should be licensed by the states, says Kris D. Kully, a lawyer at K&L Gates LLP.

A three-judge appellate panel has reinstituted foreclosure proceedings against a Miami couple who created a fake promissory note and convinced a trial judge to discharge their entire mortgage debt.

The Federal Reserve on Tuesday announced three written agreements.

First Community Corp. in Lexington, S.C., on Wednesday agreed to buy the assets of Palmetto South Mortgage Corp. of Columbia, S.C. The $607.3 million-asset company said it expects to complete the deal on July 31.

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Many prepaid card companies will be forced to strip away features — or even change bank partners — if they want to qualify for exemptions from the new caps on debit interchange fees.

Consumer credit card growth, which has been on the decline for about three years, could be showing signs of life again, according to data from Equifax Inc.

Lending accelerated at the nation's credit unions by a slight 0.4% in May, the second straight positive month for loan growth at credit unions, after lending declined for the previous seven consecutive months, the Credit Union National Association said.

American National Bankshares Inc. completed its 34.7M acquisition of MidCarolina Financial Corp. Seperately, Wintrust Financial said it completed its purchase of Great Lakes Advisors Inc.

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Lender Processing Services Inc. president and chief executive Jeffrey S. Carbiener is stepping down, effective immediately, for what the company said are significant health-related reasons.

The U.S. unit of Toronto-Dominion Bank said Wednesday that it plans to hire the additional loan officers throughout its footprint from Maine to Florida over the next six to eight months, despite an overall decline in origination volume and slumping home prices.

Miami couple caught faking a promissory note in order to have mortgage debt discharged; HUD now pushing for those handling loan mods to obtain state licenses; and more.

Visa Inc. says some of its contracts with bank card issuers must be "redone" to comply with new debit card regulations that take effect this year, but most already meet the requirements.