Stewart Lender Services has purchased a majority ownership interest in PMH Financial from Braddock Holdings Co., expanding its capabilities in the default management and real estate owned segment.

Housing and Urban Development released its final rule on the Secure and Fair Enforcement Mortgage Licensing Act at the end of June. It exempts employees of government agencies, loan servicers, mortgage modifiers and employees of non-profit agencies from licensing and registration requirements in the act.

U.S. Bancorp has increased its mobile banking options for prepaid card customers.

With a 98% retention rate, USAA Federal Savings Bank seems to have little room to improve customer service. But it's spent the past two years and millions of dollars overhauling systems to do just that.

Centrix Bank in Bedford, N.H., intends to tap the government's billion Small Business Lending Fund to increase its commercial lending and repay what it borrowed from the Treasury Department's Troubled Asset Relief Program.

Northeast Community Bancorp Inc. in White Plains, N.Y., is expanding its loan production office in Danvers, Mass., as part of a major push to increase its lending in eastern Massachusetts.

Even as he favored a broader exemption from risk retention than currently proposed, Rep. Barney Frank said Monday regulators should not undermine skin-in-the-game rules by turning the exception into the rule.

The price of being a good neighbor can be steep for banks foreclosing on condominiums and homes in planned communities.

While some bankers are secretly gleeful the Consumer Financial Protection Bureau does not yet have a director, they are the ones likely to pay a heavy price as a result.

With a 98% retention rate, USAA Federal Savings Bank seems to have little room to improve customer service. But it's spent the past two years and millions of dollars overhauling systems to do just that.

With the expansion, the $3.7 billion-asset Union First Market Bank now has 99 branches in Virginia, including 29 in Martin's stores.

SATELLITE BEACH, Fla. – Navy FCU, which is expanding its non-Navy membership base, will open its first branch here to serve Department of Defense personnel stationed at Patrick Air Force Base.

Fear of getting laid off has home shoppers wary of committing to a mortgage, and those who do want to buy a home continue to find it hard to get financing, a survey found.

Nancy Alley, the vice president of product services at Xerox Mortgage Services, will succeed Greg Smith as the group's general manager.

Although residential lenders are starting to ponder cutbacks in their ranks, not all mortgagerelated firms are worried about their head counts.

Mortgage-related employment rose slightly in May, with residential companies adding 2,600 new jobs. However, the mortgage broker segment continued to suffer job losses: 1,600 workers left the business, some voluntarily and some not.

Texas Attorney General Greg Abbott on Friday charged debt buyer Encore Capital Group with robo-signing and falsifying affidavits, attempting to collect debts based on incomplete and inaccurate information and employing unlawful and deceptive collection tactics.

The first three failures of the quarter — two in Colorado, one in Illinois — late Friday cost the Deposit Insurance Fund an estimated $590 million and brought the year's toll to 51.

The first three failures of the quarter — two in Colorado, one in Chicago — late Friday cost the Deposit Insurance Fund an estimated $590 million and brought the year's toll to 51.

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