Law and regulation

Wells Fargo has pledged $4.8 million for eligible borrowers who will purchase a home during one of the August homebuyer events scheduled in California’s Inland Empire.

One credit union expert told Congress that credit unions should have a major role in creating and overseeing a proposed federally backed secondary mortgage market agency in the case of a wind-down of Fannie Mae and Freddie Mac.

Michigan Legal Services and five African-American homeowners in Detroit claimed to be victims of Morgan Stanley’s practice of purchasing and financing predatory mortgages, which were later bundled into mortgage-backed securities.

This action by the CFPB will likely spur additional complaints by other regulators and borrowers against other companies.

Since the Castle & Cooke case was just filed the outcome remains to be seen.

New York housing advocates are sending out advocacy alerts to anyone who sees value in preserving the Low Income Housing Tax Credit in the tax code.

Castle & Cooke Mortgage claims it did not make illegal incentive payments to its loan officers, as alleged by the Consumer Financial Protection Bureau.

FHA commissioner Carol Galante is urging Congress to act quickly and approve legislation that allows her agency to implement needed reforms to its troubled reverse mortgage program.

The gulf between two competing plans to reform the nation's housing finance system appeared ever wider Tuesday even though House Republicans were poised to advance their bill to a full floor vote.

Distressed homeowners are redefaulting in droves on loan modifications received through a government program.

A steep rise in home values that resulted in a new wave of foreclosure starts in California during the second quarter was not enough to eliminate gains of recent years indicating the state's housing recovery will prevail.

The Consumer Financial Protection Bureau is constantly tweaking mortgage lending rules.

The Consumer Financial Protection Bureau has sued a mortgage lender for allegedly violating the loan officer compensation rule by paying bonuses to LOs that charge consumers higher interest rates.

While Detroit’s troubles are not new, its Chapter 9 bankruptcy filing is triggering national concern over whether it is a sign of more trouble to come.

U.S. lawmakers are an ideal market for second homes: They’re wealthier than the typical person and they live and work in two places—their home states and Washington.

There has been some slight loosening in loan underwriting, but it has been somewhat counterbalanced for first-time buyers by increased Federal Housing Administration loan restrictions and costs.

A legal-support firm under investigation by the Consumer Financial Protection Bureau is accusing the CFPB of overstepping its bounds in demanding personal information about the firm's clients.

The Consumer Financial Protection Bureau is already the busiest federal bank regulator in recent memory.

The Federal Housing Administration might have lost as much as $1 billion in 2011 alone because of its poorly performing REO program, according to a new report from the Government Accountability Office.

Gateway Mortgage Group is now using Fiserv’s LoanServ mortgage servicing platform in line with the bank’s expectations to grow the home loan servicing portfolio through retail and correspondent channels.