Cloud of Uncertainty Looms Over CFPB Leadership
A ruling in favor of President Donald Trump's choice to temporarily oversee the Consumer Financial Protection Bureau does not provide resolution about who is in charge.
Judge Rules in Favor of Trump's CFPB Appointee
A federal judge's decision not to remove President Donald Trump's choice as acting director of the Consumer Financial Protection Bureau sets up a potential appeal.
Freddie Mac Settles With Evicted REO Tenant
Freddie Mac has agreed to settle with a woman who was deceived by a fraudulent landlord on a real-estate-owned asset owned by the secondary lender.
Monthly Consumer Bankruptcies Lowest in Decade
As the annual volume of new bankruptcies decreased for the eighth year in a row, monthly consumer filings declined to the lowest level in a decade.
Bank Owner Pleads Guilty to Mortgage Fraud
A major stockholder in a bank that failed several years ago has admitted to deceiving officials about his interest in loans made by the bank and to mortgage fraud.
PHH Reaches Mortgage Servicing Settlement
A settlement has been reached between PHH Corp.'s home-lending unit and dozens of states over alleged servicing abuses that took place during the foreclosure crisis.
RBS Reaches Settlement on RMBS
The Royal Bank of Scotland has agreed to settle allegations that it misled pension funds about the risk involved in the investment of residential mortgage-backed securities.
Trump Tweet Cited in CFPB Leader Lawsuit
A posting by President Donald J. Trump to his Twitter account was cited in a federal lawsuit over control of the Consumer Financial Protection Bureau.
Former Exec Sues Guaranteed Rate
A former executive who was sued by Guaranteed Rate Mortgage has counter-sued the company alleging senior executives manipulated gain-on-sale revenues to avoid paying him the full amount owed to him.
Mortgage Banking Exec Indicted for Warehouse Fraud
An executive who handled warehouse advances for a mortgage banker in the Empire State has been indicted and arrested. The company collapsed amid warehouse-related litigation.