Deputy Director Drops CFPB Lawsuit
Following President Donald J. Trump's nomination of a permanent director for the Consumer Financial Protection Bureau, a challenger to the acting director has dropped her lawsuit.
Another RMBS Settlement for RBS
Another settlement has been reached by the Royal Bank of Scotland over its handling of the sale of residential mortgage-backed securities. RBS has so far paid more than $13 billion in such costs.
Former Bankrate CFO Pleads Guilty
The former chief financial officer of a major financial news publication that provides consumers with mortgage data has admitted to accounting fraud.
Ditech Looking at Strategic Alternatives
Ditech Holding Corp. is considering steps that could include the sale of the company. It's not the first time that Ditech's chief has overseen a large distressed mortgage firm.
BofA Accused of Discrimination by Housing Group
Just a year after settling alleged discrimination against Hispanic customers, Bank of America Corp. is being accused by the same group of discrimination in the handling of real-estate-owned properties in minority areas.
Supreme Court Declines to Hear FHFA MBS Case
The last holdout in a swarm of lawsuits filed in 2011 against underwriters and issuers of mortgage-backed securities has been resolved by the country's high court.
Supreme Court Could Hear CFPB Constitutionality Case
A decision by a federal judge in New York could bring the constitutionality of the Consumer Financial Protection Bureau before the nation's highest court.
Merrill Lynch Agrees to SEC RMBS Settlement
Merrill Lynch, Pierce, Fenner & Smith Inc. has agreed to settle allegations that it misled customers in order to get them to overpay for residential mortgage-backed securities.
PHH "Extremely Gratified" By CFPB Dismissal
PHH Corp. is celebrating the Consumer Financial Protection Bureau's dismissal of a closely watched case involving alleged violations of the Real Estate Settlement Procedures Act.
Midwest Mortgage Firm Settles With AMC
A lawsuit filed by an appraisal management company against a Midwest mortgage banker over unpaid appraisal fees has been settled just before jury deliberations.
Huge Profit, Increased Lending at Ditech
Fresh out of bankruptcy, Ditech Holding Corp. reported a huge profit and a quarter-over-quarter increase in home lending. The servicing portfolio, however, was diminished.