Since April, the state of California's monitor for the multi-state mortgage settlement has received more than 200 complaints about servicers moving homes toward foreclosure while the homeowner pursues a loan modification, according to a new report.

The Federal Reserve Board has terminated an enforcement action against West Concord Bancshares in Minnesota.

The privately held investment firm, based in Birmingham, Ala., is buying FBC Mortgage of Orlando, Fla., a unit of Florida Bank of Commerce, for undisclosed terms, the companies said Tuesday.

Angst over the scope enforcement was palpable at an Ellie Mae conference as mortgage lenders try to avoid the types of hefty fines the agency has already levied on credit card companies.

Wal-Mart is dipping one more toe into financial services by letting customers reload a range of prepaid cards at its registers — for a fee.

Nationstar has figured out how to profit from troubled loans that have bedeviled major banks. It also seems to be producing better outcomes for borrowers and the government.

Ocwen Financial in Atlanta has agreed to buy Homeward Residential Holdings from WL Ross & Co. for $750 million in cash and stock.

Serving the unbanked requires a worldview that most industry insiders don't have, but truly need in order to innovate responsibly on behalf these consumers. Here are insights some companies have gleaned from spending a day as the underserved.

Regulators are barring an Alabama bank holding company from paying shareholders or incurring debt until it takes steps to improve its practices.

It's been my experience that the closing of in-store branches generates more chatter than the fact that another bank often immediately opens and prospers in those exact spaces.

Three years to the day he joined the struggling company, Joseph Campanelli handed the reins to Michael Tierney. Flagstar reported its first profit since 2008 in the second quarter, but credit issues linger.

PORTSMOUTH, N.H. – Service CU is offering the public free tours of its new 100,000-square-foot headquarters built with the latest environmental technology, including geothermal heat exchange, displacement ventilation and other systems that reduce energy usage and provide healthy work environments.

D.C. District Court Judge Richard Leon pressed retailers and the Fed on the design and effect of the agency's rule capping interchange fees during oral arguments on Tuesday, but gave little indication of how he would decide the case.

Almost a month ago MIAC held an auction on $8 billion of Government National Mortgage Association servicing rights, but the firm has yet to declare a winning bidder on the deal.

Banks with less than $10 billion in assets are exempt from clearing and exchange trading requirements, but as derivative users they will have to post margin, keep records and amend documents.

Tuesday was the deadline for the nation's five largest mortgage servicers to implement 304 agreed-upon standards. Consumer advocates expressed skepticism that the companies have reached that goal.

The $15 billion-asset company said Monday it has completed its purchase of the business property lending unit of General Electric's (GE) GE Capital for $2.4 billion in cash.

Nationstar Mortgage went from private equity flop to a top servicer of troubled loans, thanks to deft management and a Fannie Mae partnership once hidden even from parts of the government.

Unicredit America Inc., the Erie, Pa.-based collection agency that used a fake courtroom to coerce debtors to pay, could have to pay more than $1.2 million in penalties pending a ruling by Senior Erie County Judge John A. Bozza.

After the filing of a civil complaint alleging fraud in Bear Stearns' mortgage-backed securities operation, New York Attorney General Eric Schneiderman says he expects more cases to come.