Compliance

Despite a jump in mortgage origination activity, Flagstar Bancorp reported lower fourth-quarter profits thanks to an uptick in expenses.

Consumer Financial Protection Bureau Director Richard Cordray sent his strongest signal to date on Tuesday that he has no intention of resigning ahead of his term expiring next year even if asked to by President Donald J. Trump.

The Mortgage Industry Standards Maintenance Organization has extended the comment period on its proposed standard regarding the maintenance and sharing of commercial and multifamily rent-roll information.

The Senate Banking Committee voted unanimously on Tuesday to approve the nomination of Ben Carson as the next Housing and Urban Development secretary.

Wells Fargo & Co. charged some homebuyers fees to extend promised interest rates when the bank failed to process their mortgage applications on time, ProPublica reported, citing four former employees from the Los Angeles area.

The Consumer Financial Protection Bureau is ramping up enforcement actions ahead of a possible political showdown between President Donald J. Trump and the agency's director, Richard Cordray.

The financial services industry has high hopes that President Trump will usher in a new era of less regulation and economic growth, but here are challenges the new administration will face.

Deutsche Bank sought an unusual provision in its $7.2 billion mortgage-bond settlement with the U.S. government, and seems to have won it: the bank can pay down part of its penalty by lending money to fund managers.

The Department of Housing and Urban Development announced Friday that the reduction in mortgage insurance premiums "has been suspended indefinitely."

Treasury Secretary-designate Steven Mnuchin struck a pro-banking industry tone during testimony on Capitol Hill Thursday while tangling with lawmakers over foreclosures, offshore accounts and other issues.

In his confirmation hearing, Treasury Secretary-designate Steven Mnuchin said he wanted to work with both parties to find a "bipartisan fix" for the housing finance system.

In a candid, in-depth exit interview, Ted Tozer discusses Ginnie Mae's growth during his seven years at the agency's helm, the need for comprehensive housing finance reform, big banks' retreat from mortgages, counterparty risk management and more.

Rising interest rates typically cause lenders to relax underwriting guidelines. The incoming administration promises to deregulate. Sounds like a combustible mix, but there's ample room to loosen credit without returning to the practices that caused the crisis.

The Justice Department claims the bank, which has received "satisfactory" ratings in its last four CRA exams, is failing to serve minority neighborhoods around Minneapolis.

And the next HUD chief might eventually rescind it altogether.

Steven Mnuchin's time as OneWest CEO is expected to draw ample attention at his nomination hearing, but it will not be the only issue to come up as senators try to gauge how he would lead President-elect Trump's financial policies.

The Office of the Comptroller of the Currency could make the Community Reinvestment Act’s spirit relevant in a digital age so long as it builds the right framework for chartered fintech companies.

While precise definitions vary, the term generally describes a smooth customer experience that may not even require a phone call or branch visit.

JPMorgan Chase & Co. agreed to pay $55 million to settle U.S. allegations of racial discrimination in home loans through mortgage brokers, leading black and Hispanic borrowers to pay higher interest rates and fees from 2006 to 2009, a person familiar with the matter said.

Just days before President Obama will leave office, the White House released a white paper advocating for the U.S. government to engage in efforts to promote the fintech industry.