Fewer Monthly Consumer Bankruptcies
Last month, there were fewer consumers that resorted to bankruptcy -- with new case activity slowing both on a month-over-month and year-over-year basis.
Ocwen Can't Foreclose on Some Loans
Ocwen Financial Corp. has been told to hold off on foreclosures for a group of distressed borrowers who weren't properly notified about loan modification denials.
NC Bank Settles Alleged Discrimination
A North Carolina financial institution has reached an agreement to settle allegations that it discriminated against prospective borrowers because of their race.
Implications of PHH v. CFPB
If PHH Corp. wins its appeal of a Consumer Financial Protection Bureau order, it could impact both the regulator's structure and other Real Estate Settlement Procedures Act issues.
Borrowers Sue FHA Lenders Over Interest Charges
Federal lawsuits filed in Florida and Georgia accuse four big banks of improperly disclosing interest on government-insured mortgages that were paid off.
Another Investment Banker Settles With NCUA
Just one day after disclosing a settlement with an investment banker over toxic residential mortgage-backed securities, the National Credit Union Administration is at it again.
Big FHA Settlement at Freedom Mortgage
Freedom Mortgage Corp. has agreed to settle for more than $100 million allegations it falsely certified government-insured mortgages over a five-year period.
Credit Suisse RMBS Settlement Bumped Up
A settlement between Credit Suisse and the federal regulator of credit unions has been increased by more than $20 million.
Foreclosure Starts Spike
A surge in new foreclosure filings by the nation's mortgage servicers last month was behind an acceleration in March's overall national foreclosure activity.
Mortgage Originations Hold Up at Chase
Despite a dip in correspondent mortgage production, residential business at JPMorgan Chase & Co. mostly kept pace with the final quarter of last year.