The Consumer Financial Protection Bureau issued its final rules on residential servicing practices early Thursday morning, cracking down on dual tracking, and telling the industry it cannot engage in a foreclosure sale until “all other alternatives” are considered.

Mortgage firms that handle 5,000 or fewer loans will receive a significant exemption from servicing rules released today by the Consumer Financial Protection Bureau

Although the Consumer Financial Protection Bureau has finalized its servicing regulations, it likely will take a close look at the transfer of mortgage servicing rights – a business that has been booming of late, with most of the activity tied to “legacy” product.

Bank of America, which is in the process of selling roughly $308 billion worth of mortgage servicing rights, recently trimmed its servicing staff by at least 700 workers...

The Consumer Financial Protection Bureau may reconsider certain regulatory exemptions to its servicing rules as they pertain to small servicers, agency counsel Mitchell Hochberg said during an Inside Mortgage Finance webinar late Tuesday afternoon.

Bexil American Mortgage has finally obtained its Ginnie Mae servicer approval and this week inked a deal to purchase a small nonbank lender whose identity it, so far, has not been revealed.

The Obama administration is once again toying with the idea of using Fannie Mae and Freddie Mac to refinance underwater non-agency loans...

Equity Loans LLC, Atlanta, a national direct lender, said it has received final approval to become a Fannie Mae seller/servicer.

A new analysis by Public Citizen of a variety of data points on foreclosures paints a grim portrait of the havoc wrought upon homeowners by the Great Recession.

Walter Investment Management Corp. is expanding its presence in the reverse market with an agreement to acquire Security One Lending (S1L), a California-based retail and wholesale reverse mortgage lender, in a stock-purchase deal valued at up to $31 million.