Amicus briefs filed with the Supreme Court support Bank of America’s fight against a New York law requiring servicers to pay interest on funds held in mortgage escrow accounts.

The change to foreclosure rules in New York was enacted by legislation, while updates in Maine and Alabama were based on court rulings.

An upcoming final rule from the CFPB is set to force major changes in how credit card companies charge late fees.

Joe Fischer, executive vice president and chief financial officer at Navient, said the servicer “remains confident about the strength” of its case and is open to finding a solution that is acceptable to all stakeholders.

CFPB secures $12 million settlement; OCC imposes $65 million fine against bank.

Despite winning a massive jury award in August, GSE shareholders are still squabbling with the government over how those damages should be distributed.

Although Fannie Mae’s NPL sales are down, Freddie Mac’s near exit from the market accounts for most of the decline in sales in 2023.

Resolve and its associated APIs have been tweaked to make them more efficient and improve the way lenders manage their mortgage relief and default activities.

Fannie churns out a CRT transaction and an NPL sale, its first real capital markets activity since November.

The enterprise’s seller engagement efforts get a boost, with a familiar face taking over in the east and fresh eyes in the west.