Enforcement

Compliance experts have long disagreed about how much, if any, discretion loan officers have in pricing loans to consumers. But a recent auto lending case should bring that debate to a close.

PHH, which lost $145 million in 2015, has hired Credit Suisse and JPMorgan to help it review all of its options, including capital allocation, to maximize shareholder value.

Lenders can mitigate fair lending violations through employing technology and tools that shed light specifically on their blind spots, one major area of focus recently solidified by the Consumer Financial Protection Bureau.

Citigroup executives involved in the issuance of residential mortgage-backed securities at the center of the 2008 financial crisis will not be facing criminal charges for selling toxic bonds, U.S. authorities have determined.

A federal judge has allowed to proceed a lawsuit in which a Belgian investor blames Bank of New York Mellon for about $1.1 billion of losses related to its role as trustee for residential mortgage securities.

The House Financial Services Committee approved a bill this week that would increase the mobility of mortgage originators who take a new job across state lines or move from a federally regulated bank to a nonbank.

Oversight of the four largest mortgage servicers' compliance with the national mortgage settlement is officially over, the watchdog overseeing the process said Thursday.

Bankers are still grappling with vendor software problems, longer processing times and delays in mortgage closings as a result of new disclosures that went into effect four months ago, according to a new survey by the American Bankers Association.

The mortgage servicer said it has received a letter from the Securities and Exchange Commission regarding its fees for handling distressed loans and properties.

First Federal Bank of Kansas City has agreed to a $2.8 million settlement with the Department of Housing and Urban Development to resolve allegations of redlining in African-American neighborhoods.

The U.S. Justice Department will decide in the next few months whether it will sue Moody's Corp. for allegedly inflating ratings on mortgage bonds at the heart of the 2008 financial meltdown.

Law enforcement authorities raided the headquarters of United Mortgage Trust in Grapevine, Texas, on Feb. 18, seeking documents related to the company's management.

The Consumer Financial Protection Bureau acknowledges that gearing up for the Truth in Lending Act/Real Estate Settlement Procedures Act integrated disclosures has been tough, and it promises to consider that fact in exams.

New York Gov. Andrew Cuomo has launched a new initiative, called the Fair Housing Enforcement Program, aimed at targeting discrimination in rental and home sale transactions.

Morgan Stanley agreed to pay $3.2 billion to end a joint federal-state investigation into its handling of mortgage-backed securities, the fourth deal to be struck in a probe of the big U.S. banks' role in the subprime mortgage meltdown and the financial crisis it spawned.

U.S. Bancorp agreed to pay $10 million while Banco Santander settled for $3.4 million following missteps in how they handled earlier orders from regulators to fix faulty foreclosure practices, according to the Office of the Comptroller of the Currency.

HSBC North America Holdings has agreed to pay $470 million to settle allegations it engaged in abusive practices in its mortgage foreclosure, origination and servicing operations.

Wells Fargo has reached a $16.2 million settlement in a class-action lawsuit regarding an alleged kickback scheme involving the shuttered Owings Mill, Md.-based Genuine Title.

Opus Capital Markets Consultants, a unit of Wipro, has created a division for identifying operational and loan-level risks within a residential mortgage servicing operation.

Wells Fargo & Co., the largest U.S. home lender, agreed to pay $1.2 billion to resolve claims related to its Federal Housing Administration mortgage practices.