Correspondent lending is proving it may still have a heartbeat, as smaller lenders are lining up to enter the space in an effort to grab business that some larger commercial banks have recently decided they don't want. Many commercial banking institutions have been abandoning the correspondent... Read More

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Nevada Attorney General Catherine Cortez Masto struck a separate deal with Bank of America ($8.07 -0.11%) in conjunction with the $25 billion foreclosure settlement this week. One in 16 Nevada homes received at least... Read More
A small pilot principal reduction program Fannie Mae killed in 2010 was not performing well enough for executives to expand, the mortgage giant claims. Reps. Elijah Cummings, D-Md., and John Tierney, D-Mass., sent a letter... Read More