Enforcement

A UBS Group AG unit suffered a setback in a $2 billion lawsuit over allegedly defective mortgages after a judge said it violated contracts with three mortgage-backed securities trusts.

Depositories still dominate home lending, but nondepositories' market share is the highest it has been in at least two decades. Here's why.

The $29 billion-asset company said in a regulatory filing Thursday that the "needs to improve" rating will likely restrict its ability to make acquisitions and open branches.

The Federal Trade Commission has obtained a court order barring the owners of several Florida companies that operated under the guise of being law firms from offering mortgage loan modification and debt relief services.

Bank of America is approaching the consumer-relief target set in its mortgage settlement with the Department of Justice and six states, according to the settlement's monitor.

Daniel Mudd ended a five-year fight with the U.S. government Monday after the former head of Fannie Mae agreed to pay $100,000 to settle allegations that he misled investors about the mortgage backer’s exposure to subprime loans during the run-up to the financial crisis.

The Federal Housing Administration should look to private mortgage insurance companies as a model for how to standardize the claim review process.

A former Deutsche Bank trader agreed to settle a U.S. regulator's allegations that he mis-marked loans tied to commercial-mortgage-backed securities to boost his profits.

The Consumer Financial Protection Bureau's choice for its new head of supervision and enforcement — the No. 3 slot at the agency — is raising eyebrows because of his political background and relative inexperience compared with similar positions at other regulators.

Enforcement actions by the Consumer Financial Protection Bureau against companies are well-known, but compliance starts with individuals.

The Federal Deposit Insurance Corp. has downgraded the Community Reinvestment Act rating for BancorpSouth in Tupelo, Miss.

PricewaterhouseCoopers LLP failed to spot for seven years a multibillion fraud that led to the demise of Taylor Bean & Whitaker Mortgage Corp., a lawyer for the lender's bankruptcy trustee told a Miami jury on Tuesday.

Securities regulators are investigating and preparing to bring a civil case against Edwin K. Chin, a mortgage bond trader who was fired from Goldman Sachs Group Inc. in 2012, according to people with knowledge of the matter.

The former officers and directors for Midwest Bank & Trust have reached a $26.5 million settlement with the Federal Deposit Insurance Corp. over charges of negligence during the financial crisis.

The U.S. asked a federal appeals court to reconsider its May decision to toss out an almost $1.3 billion judgment against Bank of America's Countrywide Financial unit, claiming the panel overlooked "a wealth of evidence."

In a political season teeming with tension around income inequality, racial economic disparities and animus toward the banking industry, reforming the Community Reinvestment Act seems like it should be a cornerstone of the debate. Yet the law has been almost entirely absent from the discussion. Here's why.

The Consumer Financial Protection Bureau's proposal Friday updating its mortgage disclosure rule did not give lenders what they wanted: an ability to correct errors after a loan has closed and a release from liability for technical violations. But the 293-page proposal did provide revisions that will help in compliance and the closing of more loans.

Carver Bancorp in New York is dealing with a new set of challenges just months after being released from a longstanding enforcement order. The company’s woes highlight the challenges for banks with narrowly constrained business models.

The CFPB updated its "Know Before You Owe" mortgage disclosure rule to provide more clarity to lenders. It has proposed additional tolerance provisions, clarified a partial exemption for housing finance agencies, extended the rule's coverage to all cooperative units, and provided more clarity about privacy and the sharing of information.

Ocwen Financial Corp. posted yet another net loss during the second quarter, this time reflecting the impact of legal and settlement costs among other factors.