Law and regulation

In the second lawsuit of its kind, more than a dozen of the world's largest banks are accused of price fixing on roughly $486 billion of bonds issued by Fannie Mae and Freddie Mac.

Ohio has become the latest state to start including mortgage servicing rights holders in its increased regulation of nonbank servicers.

A report from the Government Accountability Office found that while the Federal Home Loan banks have taken steps to improve diversity among boards of directors, members are still largely male and nonminorities.

Revised legislation would exclude credit unions from Community Reinvestment Act requirements, but could make the National Credit Union Administration the de facto enforcer of how CUs meet the needs of underserved markets.

Fewer Hawaii property owners fell into foreclosure last year in continuation of a trend that began in 2014, according to state data.

The legislation comes a day before CFPB Director Kathy Kraninger is set to testify to Congress.

Former FHFA Director Mel Watt attempted to coerce an agency employee to engage in a romantic relationship with him, according to an inspector general report.

A top official at the Office of the Superintendent of Financial Institutions defended tougher underwriting rules blamed recently for a slump in the nation’s housing market, but left open the possibility that regulations could ease if conditions change.

As Huntington Beach prepares for a lengthy battle with the state of California over its affordable housing goals, the city of Pismo Beach is preparing for a battle of its own as it tries to attract more low-income housing to the traditionally wealthy area.

A federal appeals court ruling that found the leadership structure of the FHFA unconstitutional will face an "en banc" review later this month.