Compliance & Regulation

Usually, loan officers with a lot of unclosed loans in the pipeline—and therefore commissions at stake—are hesitant to make a move.

Providing a multichannel approach to collecting borrower information can lower costs and provide a better customer experience.

The Federal Home Loan Bank system saw its strongest advances growth in nearly six years in the second quarter as banks began to see depositors exit.

Mobile cloud technology is singlehandedly changing mortgage and field servicing processes, according to at least one insider, in ways that are both evident and obscure.

Bank of America will eliminate about 2,100 jobs and shutter 16 mortgage offices as rising interest rates weaken loan demand, said two people with direct knowledge of the plans.

Raffi Oghlian conspired to defraud financial institutions of nearly $2 million through a mortgage fraud scam that used phony documents and straw buyers to make illegal profits from the sale of overpriced townhomes.

JPMorgan Chase has agreed to stop accepting commissions from the nation's top provider of force-placed insurance in an agreement that could loom large for other big banks alleged to have overbilled homeowners on insurance premiums.

The banking committees are set to resume debate over housing finance reform when Congress returns from summer recess on Monday, but the issue will be just one of many facing lawmakers during a busy fall.

Richard Cordray's political savvy has given him a knack for relating the Consumer Financial Protection Bureau's work to vastly different audiences during public speeches.