Reuters - JPMorgan Chase & Co was sued by Wells Fargo & Co , which seeks to force it to buy back more than 800 soured mortgage loans that it oversees as trustee.

Reuters - Wells Fargo & Co agreed to pay a $85 million civil penalty to the Federal Reserve Board for allegedly steering borrowers into costly subprime mortgages, the largest fine the Fed has ever imposed in a consumer-enforcement case.

AFP - The US central bank slapped Wells Fargo with an $85 million fine on Wednesday for allegedly “deceptive” practices in selling subprime mortgages before the financial crisis.

U.S. News & World Report - Seniors will have fewer avenues to secure steady retirement income, now that the two largest lenders in the reverse-mortgage business have decided to discontinue offering the product.

U.S. News & World Report - Seniors will have fewer avenues to secure steady retirement income, now that the two largest lenders in the reverse-mortgage business have decided to discontinue offering the product.

AP - Wells Fargo’s income jumped 51 percent in the first quarter as more people opened accounts with the bank and business customers took out more loans.

Time.com - A feud between a homeowner and his mortgage company ends with an order to seize property — but it’s not in the order you might expect

Reuters - KB Home said it may have to repay at least $180 million in loans after South Edge LLC, a joint venture in which it owns a 48.5 percent stake, failed to get an involuntary Chapter 11 petition dismissed.

AP - It used to be that every time a bank sold a mortgage, the county land recording office received a fee. It wasn’t much — $30 or so — but then real estate boomed in the 1990s and banks pooled millions of mortgages into securities that investors bought and sold

Reuters - Wells Fargo & Co. said on Wednesday it will re-file documents on 55,000 foreclosures, drawing immediate fire from one of the state attorneys general most critical of banks in the continuing home foreclosure crisis