Compliance & Regulation

President-elect Donald Trump said in a tweet Tuesday that he is considering Dr. Ben Carson — one of his opponents in the Republican primary — to head the Department of Housing and Urban Development.

If President-elect Donald Trump selects House Financial Services Committee Chairman Jeb Hensarling as his Treasury secretary, it would be a clear sign that he intends to embrace a more traditional Republican agenda when it comes to financial services issues.

Ally Financial has agreed to pay $52 million to settle probes and claims related to its role as the underwriter for subprime mortgage-backed securities in 2006 and 2007.

Personal information for roughly 480,000 people was exposed in two separate privacy incidents earlier this year involving the U.S. Department of Housing and Urban Development's website.

Shortage of appraisers in rural areas and compensation issue force lawyers to re-consider restrictions on communications between lenders and appraisers.

While nonbank servicers are expected to continue to gain greater market share in 2017, much of that growth will come from their own loan origination activity rather than mortgage servicing rights purchases and subservicing, according to a report from Fitch Ratings.

The Federal Communications Commission has denied a request to exempt servicers from getting consent before robo-calling borrowers' mobile phones, rejecting arguments that the waiver would enable the mortgage industry to better help delinquent borrowers.

The Consumer Financial Protection Bureau has formally appealed an October court ruling that undercut the agency's independent status, arguing that the decision laid out a theory of separation of powers without precedent in case law or the Constitution.

Fannie Mae said Thursday it obtained reinsurance on another $11.7 billion of residential mortgages through its Credit Insurance Risk Transfer of the year.

Fifth Third Bancorp in Cincinnati has expanded its community development pledge to $30 billion.