Origination

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.

National reverse mortgage originator Longbridge Financial has received investments from Ellington Financial and Home Point Capital.

Companies in the path of the storm have battened down the hatches, as others have prepared for the impact the hurricane could have on home sales and loan servicing in the weeks to come.

It's been a tough year for farmers, and lenders are looking for ways to help those borrowers offset sagging income.

Cybersecurity precautions often focus on preventing a data breach. But what if those precautions aren't enough? Here's a look at steps lenders and servicers can take now to prepare their response in the event of a catastrophic data breach.

Nonbank lenders and brokers added 900 employees to their payrolls in August as home sales slowed.