A lawsuit has been unsealed accusing OneWest Bank FSB, a lender once known as IndyMac Bancorp Inc, of causing the U.S. government to improperly pay out $206 million under a federal program to help struggling homeowners avoid foreclosure.
Big Wall Street firms have seen demand for private-label mortgage-backed securities pick up over the last few months, according to a survey released by the Federal Reserve on Thursday.
Deutsche Bank AG has failed to win the dismissal of four U.S. lawsuits seeking to force it to pay damages or buy back troubled home loans it had packaged into residential mortgage-backed securities prior to the 2008 financial crisis.
Colony Capital on Wednesday began marketing the second-ever bond backed by rental income from foreclosed US properties bought up after the financial crisis and now rented to single families.
Top U.S. banks including Bank of America Corp and Citigroup provided more than the $19 billion in help to struggling borrowers they were required to offer under a landmark 2012 deal with the U.S. government, a watchdog said on Tuesday.
U.S. baby boomers desperate for retirement income are increasingly turning back to a financial product that, after the housing bust, had been left for dead: the reverse mortgage.
New York state's banking regulator on Wednesday requested information from Nationstar Mortgage LLC about its portfolio and mortgage servicing practices, saying that it has received hundreds of complaints from consumers as Nationstar's business has seen explosive growth.
JPMorgan Chase & Co will pay $400 million to settle lawsuits brought by bond insurer Syncora Guarantee Inc over toxic mortgage-backed securities, according to the insurer.
JPMorgan Chase & Co, the largest U.S. bank, announced thousands of job cuts on Tuesday as the mortgage lending business slows, and said it was lowering its profitability target.
Credit rating agency Moody's Corp warned that mortgage servicers such as Ocwen Financial Corp could be pushed into subprime lending as their core business comes under increased regulatory scrutiny.