Enforcement

The biggest question is whether new CFPB Director Kathy Kraninger will deviate from the pro-industry policies of her predecessor, or bring continuity.

A Wilmington Township, Pa., man accused of illegally purchasing properties he formerly owned through a tax sale has pleaded guilty to a felony charge of deceptive business practices.

Maria Vullo is stepping down as head of New York's banking and insurance regulator after three years in which she created a national model for cybersecurity regulations at banks and fought back against federal attempts to chip away at payday-lending rules.

A Flora Vista, N.M., man accused of five felony charges for forging a signature on real estate paperwork then ordering an employee to dispose of property from the victim's residence has agreed to a plea agreement.

Five Florida Keys men ripped off the federal government and received thousands of dollars in recovery money after Hurricane Irma struck last year, the Monroe County State Attorney's Office said.

The newly sworn-in director’s first public remarks seemed to contrast with the approach of her predecessor, Mick Mulvaney, who at times questioned the role of the agency.

Orlando real estate broker Geo Geovanni, 49, was found guilty in federal court of one count of conspiracy to commit bank fraud and three counts of bank fraud, the U.S. Attorney's office announced.

The Federal Savings Bank is trying to persuade a judge to look beyond its CEO's alleged complicity in a fraud perpetrated by President Trump's former campaign chair.

Two more real estate investors have admitted conspiring to rig bids at foreclosure auctions, bringing to nine the total who say they cheated at the public auctions held at South Mississippi courthouses.

The move allows the New York multifamily lender to make more loans without having to raise capital.

The scheme's perpetrators were based in Irvine, Calif., the FTC said in a complaint filed in U.S. District Court in Maryland.

Three people who fraudulently obtained $9.3 million in mortgage loans involving homes in Modesto, Patterson and Lathrop, Calif., have received multiyear federal prison sentences.

UBS Group sold tens of billions of dollars' worth of residential mortgage-backed securities by "knowingly and repeatedly" making false and fraudulent statements to investors about the loans backing those trusts, the U.S. Justice Department said in a civil suit filed Thursday.

A former instructor at the Purvis Real Estate Training Institute in Fort Worth, Texas. was sentenced to 13 years in federal prison for running a Ponzi scheme that robbed investors of more than $1.2 million.

While the foreclosure crisis is over and federal regulators are being less assertive on enforcement actions, mortgage servicers must remain vigilant about compliance, as state agencies are stepping up their own oversight, according to Standard & Poor's.

Goldman Sachs is getting closer to hitting its $1.8 billion consumer relief obligation as outlined in mortgage settlement agreements between the U.S. Department of Justice and three states.

A Queens, N.Y., man who helped defraud mortgage lending units at Bank of America, Chase Bank and AmTrust is now facing 21 months in prison and three years of supervised release.

Hope Hardison, Wells Fargo's chief administrative officer since 2015, and David Julian, its chief auditor since 2012, have both been removed from the bank's operating committee and begun leaves of absence in the latest fallout from the bank's phony-accounts scandal.

Lennar's mortgage banking unit agreed to settle False Claims Act allegations for $13.2 million, a smaller amount than other lenders paid to the government prior to the end of fiscal year 2017.

Nomura Holding America and affiliates agreed to pay a $480 million penalty to resolve U.S. claims that the bank misled investors in marketing and selling mortgage-backed securities tied to the 2008 financial crisis, according to the Justice Department.