CFPB analyst cites 'profound' mortgage servicer community impact

FHFA reaches $280 million RMBS settlement with Barclays

RMBS settlement total now exceeds $16 billion

Whalen: Nonbanks are taking over mortgage originations

Regulators "get in the way"
W S
Servicing / The Ticker

Bank of New York Mellon profit rises 26%

/ Print / Reprints /
| Share More
/ Text Size+

 

Bank of New York Mellon Corp.'s (BK) fourth-quarter profit rose 26% as the trust bank increased its assets under management and custody while also posting a credit in its loan loss provisions. Trust banks act as custodians and servicers for corporations and Wall Street and make most of their money collecting fees for various servicing activities, leaving results heavily dependent on market forces.

Source: MarketWatch
Read full story

Recent Articles by HousingWire Staff

Comments powered by Disqus