General Resource Center

The nation's biggest mortgage servicer has a new chief to oversee the business. Meanwhile, lesser-ranked rivals have been busy improving their own executive ranks. The new head of mortgage servicing at Wells Fargo & Co. is Jeff Smith, a July 27...

Moody's Investors Service Inc. has agreed to settle charges by a federal regulator that its rating system for residential mortgage-backed securities was deficient. The New York-based ratings agency previously outsourced models from a corporate...

Wells Fargo & Co. is taking fire for laying off 137 people in its mortgage division in Orlando, Florida, while it expands operations overseas. The bank-holding company Monday said allegations by the Communications Workers of America union that...

With most prospective borrowers doing online research before beginning the mortgage process, home lenders can see big benefits from changes in their digital lending processes. Between five and 10 years ago, borrowers who first conducted online...

Forecasted financing of residential property purchases has been reduced by more than $60 billion for this year and last year. There was an improvement, though, for refinances. The origination of loans to refinance an existing mortgage or to finance...

A weak loan origination system and an increase in the share of delegated correspondent business has the originator rating of JPMorgan Chase & Co.'s banking subsidiary being downgraded. Single-family loan originations -- including jumbo...