Compliance & Regulation

The government-sponsored enterprises are at the heart of our housing finance problems, not the solutions.

Comptroller of the Currency Joseph Otting said in a press conference Wednesday morning that there is a place in the banking world for some kind of fintech charter, though the exact parameters of such a charter are still unclear and have to be worked out.

A Stratford, Conn., man faces up to five years in prison after he pleaded guilty to bankruptcy fraud, according to the Department of Justice.

The Consumer Financial Protection Bureau on Tuesday withdrew a plan to conduct a web survey for its debt collection proposal while acting Director Mick Mulvaney reviews the rulemaking.

Underwriting purchase loans is inherently more precarious for mortgage lenders and that contributed to the year-over-year increase in risk in new originations during the third quarter, CoreLogic said.

The U.S. Chamber of Commerce said Monday that an attempt to oust Mick Mulvaney as acting director of the Consumer Financial Protection Bureau would raise "grave questions" about the constitutionality of the consumer agency.

Fannie Mae and Freddie Mac's final Duty to Serve plans are moving ahead with expanded support for manufactured housing through both single-family and multifamily programs, including controversial personal property loans.

When the acting director of the Consumer Financial Protection Bureau announced plans to bring aboard political appointees, many viewed it as antithetical to an independent regulator. But technically there is nothing stopping him.

PHH Mortgage was the first mortgage servicer to be fined by the New York Department of Financial Services for failing to maintain a "zombie" property.

The Community Home Lenders Association wants Mick Mulvaney, the acting director of the CFPB, to delay implementation of the Home Mortgage Disclosure Act that goes into effect on Jan. 1.