Borrowers are required to have a credit score of at least 700 and at least three months of reserves...

No mortgage-related misconduct was alleged in the bureau’s latest action, but servicers shouldn’t take much comfort from the omission...

It’s not every day that a Federal Home Loan Bank tells one of its members to reduce its credit facilities...

In a recent report, Freddie Mac economists said subservicing likely will “persist and perhaps grow.”

Clayton said the outlets’ analysis didn’t include factors such as a borrower’s credit score, downpayment, loan size, collateral and land type...

The banks completed 22,459 proprietary mods in the third quarter, down 25.4 percent compared with the previous quarter...

In an interview with IMFnews, John Hsu talked about Angel Oak’s $150 million subprime deal, noting that there is a “huge amount of support for this.”

The bank's expansion into government lending comes after a noticeable decline in its share price...

No purchase price was disclosed. The deal was first hinted at Friday on IMFnews.

The BofA spokesman, when asked by Inside Mortgage Finance whether the bank will deliver fewer loans going forward, declined to comment.