Origination

The No. 3 U.S. bank by assets has made a change at the top after a snowballing scandal involving the creation of fraudulent accounts.

NeighborWorks reported Wednesday that 56% of survey respondents said that rents are too high where they live for them to be able to save enough to buy a home.

United Guaranty Corp. has initiated a disaster policy after Hurricane Matthew tore across the Southeast this past week.

Mortgage applications decreased 6% from one week earlier, according to the Mortgage Bankers Association.

The ramifications for a U.S. Court of Appeals decision against the CFPB’s constitutionality go far beyond just the agency’s independence, and may have consequences for other federal agencies with similar structures. The ruling may also hamper the CFPB's powers going forward, including its ability to retroactively apply new rules.

Navy Federal Credit Union, the largest credit union in the country, agreed Tuesday to pay $28.5 million to settle regulatory allegations it engaged in illegal debt collection practices.

The number of completed foreclosures nationwide in August dropped 42% from a year earlier, according to CoreLogic.

It's tougher out there for New York's commercial real estate developers seeking cash for their latest projects.

The single-director structure of the Consumer Financial Protection Bureau represents an unconstitutional concentration of executive power, a federal appeals court said Tuesday. But the court stopped short of disbanding the agency, instead giving the president more power to remove its leader.

First American Financial Corp. has acquired post-closing services and document management technology provider TD Service Financial Corp.