Compliance & Regulation

Carrington Capital Management will challenge a court decision to award contractual damages to an investor it blocked from pulling money out of a mortgage securities fund it managed in 2007.

Who should hear consumer stories first, the CFPB or the financial services company already involved with the consumer?

First Horizon National in Memphis, Tenn., swung to a first-quarter loss after it paid $212.5 million to settle an investigation into its pre-crisis mortgage dealings.

FHFA's reduction appears likely to involve loan level price adjustments that the two government-sponsored enterprises charge borrowers and adverse market fees charged on every loan, but not a guarantee fee reduction that the industry has sought.

Despite a strong industry push, a bill to amend the Consumer Financial Protection Bureau's "qualified mortgage" rule is facing an uphill battle to enactment this year.

Rather than see TRID as a headache, think of it as an impetus to improve business performance, through broad transformation or more targeted enhancements.

HSBC has informed New Hampshire's Attorney General of a compromise of some records of current and former mortgage customers of its HSBC Finance unit.

Former Treasury Secretary Larry Summers, who sits on Lending Club's board, said in a speech Wednesday that such technology-focused marketplace lenders should be given a fair chance to compete.

The House approved eight regulatory relief bills Tuesday evening, including two controversial measures opposed by a number of Democratic lawmakers and the White House.

The Consumer Financial Protection Bureau issued a final interpretive rule Wednesday that clarifies its housing counseling requirements with respect to high-cost loans.