Some of the largest mortgage servicers are still fabricating documents that should have been signed years ago and submitting them as evidence to foreclose on homeowners.

Linklaters has hired Patrice Doat as its new capital markets partner.

Bank of New York Mellon Corp. said late Wednesday that Robert P. Kelly had resigned as chairman and chief executive due to differences with the board "in approach to managing the company."

The Securities and Exchange Commission (SEC) believes that mortgage REITs are beginning to look more like mutual funds and has initiated a review of their exemption from the Investment Company Act.

After months of rumors, Bank of America made it official Wednesday morning, saying it would exit the correspondent mortgage space, where it ranks second nationwide.

The state of Nevada filed a lawsuit against Bank of America that claims the bank and Countrywide Financial Corp. engaged in a pattern and practice of deceptive conduct at almost every stage of the mortgage writing process, according to a New York Times report.

Little has been done to buoy confidence that an economic recovery is at hand. A settlement of the investigations surrounding last year’s robo-signing scandal that, among other things, achieves widespread principal reduction commitments from major servicers, could change that — but only if done carefully.

Perhaps no one in the world knows international capital rules better than Stefan Walter, the secretary general of the Basel Committee on Banking Supervision. The former New York Fed official took Basel's lead staff job five years ago and has played a key role in shaping the Basel III rules.

The Lloyds TSB Bank Plc sponsored hybrid conduit, Cancara Asset Securitization LLC, added a $120 million loan facility to its portfolio.

Yesterday the Federal Housing Finance Agency (FHFA) in its capacity as conservator of Fannie Mae and Freddie Mac filed an Appearance and Conditional Objection regarding the proposed settlement between Bank of America and a group of 22 investors being currently considered by a New York court.

Mortgage applications unexpectedly decreased by 9.6% with refinancing activity dipping 12.2% and purchase activity increasing 0.9%, the Mortgage Bankers Association (MBA) reported today.

CoreLogic said recently hired financial advisory firm Greenhill & Co. will evaluate the company's financial strategy and “explore a wide range of options aimed at enhancing shareholder value,” up to and including a possible sale or merger of the Santa Ana, Calif.-based provider of mortgage and property data, analytics, technology and services.