The bank said it is cooperating with the two investigations, which could result in treble damages under The False Claims Act.

The brunt of the new revenue also looks as though it will be collected from mortgage borrowers.

The new jumbo deal from Shellpoint includes originations from New Penn along with contributions from 30 other lenders.

Brian O’Reilly, president of The Collingwood Group, believes the CFPB is out of control with its regulatory crackdown...

Servicing employment has been under pressure the past few years as loan processors such as Ocwen Financial, Nationstar Mortgage and others move to offshore as many back office workers as possible.

Meanwhile, PHH may be facing exposure on a front that investors had no clue about until recently: marketing service agreements...

Is now a time to buy into PHH?

Over the winter, the VA program had quietly become a much more significant factor in the government-insured market...

Redwood executives said competition has cut into margins, prompting the reduction in its forecast.

Thanks to second quarter profits posted by Fannie Mae and Freddie Mac, the Treasury Department will be richer by $8.3 billion...