Enforcement

Consumer Financial Protection Bureau Director Richard Cordray sent a four-page response to Sen. Bob Corker, R-Tenn., about new mortgage disclosures but fell short of providing any new official guidance to address industry concerns.

Large lenders are pushing the Federal Housing Administration to revamp its loan defect taxonomy to provide more certainty about potential errors and mistakes that could lead to enforcement actions.

The monitor of the Bank of America Mortgage Settlement distributed roughly $89 million Tuesday to legal assistance groups in nine states from a fund for federal tax assistance.

The Department of Housing and Urban Development said Friday that an agreement was reached between Fidelity Bank and the Fair Housing Project of North Carolina Legal Aid.

Two St. Louis-area investors have been indicted on charges they defrauded the failed Excel Bank on real estate loans.

Freedom Mortgage has agreed to pay $113 million to settle government allegations that it failed to comply with Federal Housing Administration requirements for originating and servicing FHA-insured loans.

Quicken Loans plans to appeal a recent federal labor ruling that the Detroit lender and other companies owned by Dan Gilbert violated employees' rights.

Goldman Sachs Group will pay $5.1 billion to settle a U.S. probe into its handling of mortgage-backed securities involving allegations that loans weren't properly vetted before being sold to investors as high-quality bonds.

The co-owner of a mortgage company responsible for a large-scale fraud scheme was sentenced to 21 months in prison in a Newark, N.J., federal court.

The housing market has been improving but mortgage credit remains "stubbornly" tight on loans bought by the government-sponsored enterprises, according to a chief housing adviser at the White House.

Nomura Holdings Inc. held a training session after a former Jefferies & Co. managing director was indicted for fraud and encouraged its traders not to lie — but that didn't stop the fibbing to customers about bond prices, according to U.S. prosecutors.

No-action letters from the Consumer Financial Protection Bureau can be an essential tool for lenders in striving to the mortgage process more consumer-friendly through inventive products and service — but lenders must seek them out.

Stuart Delery, the Justice Department official overseeing civil investigations of banks for conduct related to the financial crisis, is stepping down April 14 to explore options in the private sector.

The Consumer Financial Protection Bureau's reluctance to outline explicit requirements for marketing services agreements forces lenders and servicers to play guessing games with compliance, executives claim. But the agency says defining what constitutes an illegal MSA isn't so simple.

The scammers pocketed $3.8 million from troubled homeowners nationwide and did nothing to modify their loans.

Military families and service members are submitting debt collection complaints to the Consumer Finance Protection Bureau at twice the rate of other consumers.

A jury awarded Mount Olympus Mortgage Co. more than $25 million in a lawsuit alleging "corporate espionage" by former employee Benjamin Anderson and his new employer, Guaranteed Rate.

The National Credit Union Administration said it has accepted a $29 million offer of judgment from Credit Suisse to resolve claims arising from losses related to purchases of residential mortgage-backed securities by Members United and Southwest Corporate Credit Unions.

The Federal Housing Administration revised its proposed lender certification requirements on Tuesday in an effort to provide more clarity and reassure lenders they won't be penalized for minor loan defects or mistakes.

To hear some former examiners tell it, companies that are hostile during the exam process may get dinged more often than those that show respect and professionalism. Following are tips to ensure bankers do better on their next exam.