Compliance

Progress Residential, a single-family rental company started by former Goldman Sachs Group partner Donald R. Mullen Jr., obtained a $400 million credit line from Deutsche Bank AG.

Providing a multichannel approach to collecting borrower information can lower costs and provide a better customer experience.

The Federal Home Loan Bank system saw its strongest advances growth in nearly six years in the second quarter as banks began to see depositors exit.

Mobile cloud technology is singlehandedly changing mortgage and field servicing processes, according to at least one insider, in ways that are both evident and obscure.

Bank of America will eliminate about 2,100 jobs and shutter 16 mortgage offices as rising interest rates weaken loan demand, said two people with direct knowledge of the plans.

Raffi Oghlian conspired to defraud financial institutions of nearly $2 million through a mortgage fraud scam that used phony documents and straw buyers to make illegal profits from the sale of overpriced townhomes.

JPMorgan Chase has agreed to stop accepting commissions from the nation's top provider of force-placed insurance in an agreement that could loom large for other big banks alleged to have overbilled homeowners on insurance premiums.

The banking committees are set to resume debate over housing finance reform when Congress returns from summer recess on Monday, but the issue will be just one of many facing lawmakers during a busy fall.

Richard Cordray's political savvy has given him a knack for relating the Consumer Financial Protection Bureau's work to vastly different audiences during public speeches.

Higher home prices that are currently soaring in many parts of Florida have increased affordable housing demand pressing developers to take advantage of available resources.

Kansas City Federal Reserve Bank president Esther George called for tapering the Fed’s $85 billion in monthly bond buying at its Sept. 17-18 meeting while cautioning that such reductions may prompt market volatility.

Iberiabank said that it will acquire six branches from Synovus, along with $131 million in loans and $205 million in deposits.

Today, the five-year anniversary of the seizure of Fannie Mae and Freddie Mac, seems like a good time to assess the Dodd-Frank Act.

Bank of America can't be sued by unified groups of homeowners in different states over its failure to modify mortgages.

Mortgage lender Quicken Loans is “betting big” on the city by entering into a multiyear partnership with the Detroit Lions football team.

Performance expectations for peak vintage mortgage loans securitized between 2005 and 2008 are mixed as losses may range from a low of 2.1% to a high of 25.5%.

Federal Reserve Bank of Chicago President Charles Evans said the Fed shouldn’t taper its $85 billion in monthly bond buying until inflation and economic growth pick up.

U.S. regulators will ratchet up enforcement penalties if banks keep making compliance mistakes that have cost them more than $100 billion in legal bills in recent years.

The Department of Housing and Urban Development has redesigned its reverse mortgage program to reduce losses and ensure seniors keep some of their home equity in reserve.