Having a proactive compliance system can protect a company. Not having one leaves a firm exposed.
Consent decrees issued (and not issued) last week demonstrate how having appropriate compliance controls can and will make a major difference in any potential regulatory response.
NELMS: Discover's underlying performance was "solid" despite several nonrecurring charges.
Earnings at Discover Financial Services plunged by 33% in the fourth quarter, largely due to a charge tied to the firm's mortgage business and a previously announced revision to its flagship credit card program.
One CFPB solution to the lack of comparison loan shopping appears to be a service called rate-checker.
The Consumer Financial Protection Bureau recently issued a report showing that nearly half of all mortgage borrowers did not comparison shop. Will additional disclosure help if consumers don't use it?
Mortgages for Gulf War veterans have more than tripled since 2008, which along with a spirited outreach program and the post-crisis credit squeeze, has helped fuel a steady increase in Department of Veterans Affairs lending.
Lower litigation costs helped Bank of America's mortgage unit curb its losses, while Citi's fourth quarter origination volume dropped 18% from a year ago.
The Green Lender Award acknowledges a lender that uses technology to promote sustainable and environmentally conscious business practices in the mortgage industry. Learn about this year's finalists and see who won the 2014 MT Award.
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