Compliance & Regulation

E*Trade Financial Corp. and its insurers have agreed to pay $79 million to settle a class-action suit brought by investors over losses in its mortgage and home-equity loan portfolios.

The Justice Department late Wednesday announced that it has reached a $335 million settlement with Countrywide Financial Corp., now owned by Bank of America, in the largest fair lending action in history.

Democratic Rep. Brad Miller and Republican Rep. Walter Jones are sending a message to federal officials who will need to sign off on any settlement agreement reached between state attorneys general and mortgage servicers: do not release the servicers from any violations of a federal law that protects members of the military.

The U.S. Government Services Administration entered into a contract with eMASON that will allow federal agencies to purchase the mortgage technology vendor’s software at negotiated prices.

The Federal Housing Finance Agency is considering a plan that would help underwater homeowners who have filed for Chapter 13 bankruptcy protection.

After reading bits and pieces of the Securities and Exchange Commission's complaint against the former heads of Fannie Mae and Freddie Mac one thought comes to mind: what exactly is a subprime loan again?

WASHINGTON — Federal regulators on Tuesday disclosed one of the best kept secrets in town: how they planned to regulate the largest U.S. banks and what additional capital and liquidity firms would now need to hold.

The Obama administration is considering nominating Jeremiah Norton, an executive director for JPMorgan Chase & Co.'s investment bank, to sit on the Federal Deposit Insurance Corp.'s board of directors.

President Obama has nominated Richard Berner to become the first director of the Treasury Department's new Office of Financial Research.

House Democrats are pushing back on the Federal Housing Finance Agency's move to block the city of Chicago from enforcing an ordinance that requires Fannie Mae and Freddie Mac to register their foreclosed properties with the city.