Compliance

The Justice Department has asked Citigroup for more than $10 billion to settle a probe into the lender's sale of mortgage-backed bonds in the run up to the 2008 financial crisis.

Sen. Lindsay Graham questioned payments to a senior advisor of Shaun Donovan, who currently heads the Department of Housing and Urban Development and has been nominated to lead the Office of Management and Budget.

Fidelity National Financial and First American Financial are pitching lenders additional technologies and services that complement their core title businesses. CoreLogic, by contrast, is diversifying its clientele beyond mortgages.

Wells Fargo failed to convince a U.S. appeals court that a multibank mortgage settlement in 2012 barred the government from suing over home lending practices it claims led to hundreds of millions of dollars in federal insurance payouts.

The House approved a bill Monday evening to modify the calculation of certain "points and fees" under the Consumer Financial Protection Bureau’s qualified mortgage rule.

By obtaining a third-party opinion that provides a reasoned analysis supporting borrowers' ability to repay, a lender places itself in a substantially stronger position with respect to subsequent ATR claims.

Citigroup, one of three mortgage lenders sued last year by Los Angeles for allegedly targeting minorities with "predatory" loans, lost its first attempt to dismiss the claims.

A reported $12 billion settlement with federal and state authorities could force Bank of America to take a charge eating up most of its second-quarter profits. After that, the bank may finally get to move on.

Doral Financial Corp., the holding company for Puerto Rico's second-largest mortgage lender, sued the island's government for voiding a 2012 agreement to pay a $230 million tax refund.

CWCapital Asset Management took title to Stuyvesant Town-Peter Cooper Village, Manhattan's largest apartment complex, and canceled an auction for control of the property.

New York's banking regulator said Thursday that he intends to simplify state requirements for obtaining a mortgage banking license.

Prosecutors have probable cause to present a grand jury with the felony case against the Federal Housing Finance Agency official accused of threatening to kill former director Edward DeMarco, a judge ruled.

Home price appreciation during the first quarter of 2014 resulted in 312,000 borrowers regaining equity in their properties.

Builders have noticed some easing of mortgage credit standards recently, but not enough to make a meaningful difference on the housing recovery.

Ocwen Financial Corp. will no longer require distressed borrowers involved in litigation with the mortgage servicer to sign nondisparagement agreements as a condition for receiving a loan modification, New York's banking regulator said Wednesday.

Economists and housing experts maintain that the housing crisis is long over, but many Americans beg to differ.

While lenders do not survey applicants on sexual orientation for their Home Mortgage Disclosure Act reports, a look at the data on same-sex couple applicants is intriguing.

An appeals court on Wednesday voided a controversial decision in 2011 by New York Judge Jed S. Rakoff, saying he erred in scuttling a $325 million settlement between the Securities and Exchange Commission and Citigroup.

Fairholme Capital Management sold $51 million in the common shares of mortgage financiers Fannie Mae and Freddie Mac to activist investor Carl Icahn, according to a court filing.

The Senate Banking Committee approved legislation Tuesday to extend the Terrorism Risk Insurance Act, a program due to expire at yearend. It also considered making a legislative fix to the Dodd-Frank Act. Here’s what happens next.