The bureau found instances of racial, gender-based and religious discrimination. They also found servicers were overcharging consumers in various areas, not evaluating loss mitigation applications properly and not terminating EFTs to closed accounts.

CFPB Director Rohit Chopra said the bureau is working toward allowing state attorneys general to bring claims under federal statutes.

The explosive growth enjoyed by subservicing vendors in past years is beginning to ebb, but the train is moving forward nonetheless. Meanwhile, all eyes are on market leader Cenlar. (Includes data chart.)

Freddie Mac will implement a higher income threshold for its Refi Possible product for low-income borrowers beginning Jan. 31.

The National Flood Insurance Program was scheduled to expire on Dec. 3 You might say disaster was avoided, for now.

Regarding the apology, one human resources executive said Garg’s new email is “too little, too late. I think Garg now realizes he made a tragic mistake.”

Three of the top five nonprime servicers posted declines from the second to the third quarter.

In a letter to Ginnie leadership, the groups said the substantial re-delivery restrictions have negatively impacted market liquidity for these loans...

Better.com still hopes to go public via a special purpose acquisition company maneuver...

FHA volume was incrementally higher in November, while deliveries of VA, Native American and rural housing loans were lower.