Lalita Clozel

The Trump administration is seeking to immediately shut down the Treasury Department’s grant programs for community development financial institutions.

Should Joseph Otting be appointed comptroller of the currency, it would be a crucial step in the new administration’s deregulatory efforts.

Just days before President Obama will leave office, the White House released a white paper advocating for the U.S. government to engage in efforts to promote the fintech industry.

In a letter Monday to Comptroller Thomas Curry, Sens. Sherrod Brown, D-Ohio, and Jeff Merkley, D-Ore., registered their strong opposition to the concept of the charter, which would allow certain types of fintech companies to avoid state licensing requirements by obtaining a limited-purpose national bank charter.

HSBC was fined $32.5 million for failing to comply with a 2011 consent order that directed the bank to revamp its mortgage servicing and foreclosure practices.

The Office of the Comptroller of the Currency’s decision to offer a special-purpose charter for fintech firms may entice more players than expected, including mortgage lenders.

After a divisive campaign in which Donald Trump fiercely criticized his rival's ties to Wall Street, the president-elect appears to be considering JPMorgan Chief Executive Jamie Dimon as Treasury secretary.

A group of financial industry players — including mortgage servicers and credit unions — are joining together to form a new coalition promoting workforce diversity.

The Federal Deposit Insurance Corp. has reached a $190 million settlement with eight large financial institutions over residential mortgage-backed securities claims as the receiver of five banks that failed during the crisis.

The Federal Deposit Insurance Corp. on Thursday won the right to pursue a lawsuit against several large financial institutions accused of selling tainted mortgage securities to a company that has since failed.

The U.S. Supreme Court's decision last week not to review a mortgage-backed securities lawsuit renewed interest in a long-brewing legal conflict over the mandate of the Financial Institutions Reform, Recovery, and Enforcement Act.

The House passed a bill late Monday to extend foreclosure relief for military service members through the end of next year.

Bank mortgage originations were up 7% in the fourth quarter of 2015, while the number of Federal Deposit Insurance Corp.-insured institutions that deal primarily in mortgages dropped more than 9% from a year ago.

While it searches for a permanent deputy director, the Consumer Financial Protection Bureau has named David Silberman to serve as its acting No. 2 starting next week.

WASHINGTON — JPMorgan Chase and EverBank were released from business restrictions stemming from the foreclosure reviews that originated in 2011, but also face new civil money penalties for their earlier violations of those restrictions, the Office of the Comptroller of the Currency said Tuesday.

Home values rose in 2015 — though at a declining pace — with overall rent payments also trending upwards, according to Zillow.

Freddie Mac's Multi-Indicator Market Index in October signaled ever-stabilizing circumstances across a growing number of regions.

Mortgage application defects reached a record low in November, according to First American Financial Corp.

Technology hubs overlapped with the nation's hottest housing markets in 2015, according to a ranking by online brokerage Redfin.

Mid America Mortgage has launched a marketing portal targeting its business partners, Chief Executive Jeff Bode said in a press release.