Auditors performing a review of Ocwen Financial padded time sheets and claimed excessive and improper expenses, including lengthy travel and meals at strip clubs and casinos, according to a lawsuit filed against Fidelity Information Services.

Maryland Gov. Larry Hogan has signed a bill that will expedite foreclosures of vacant and abandoned properties this fall.

The Federal Housing Finance Agency has revived the idea of putting a question on the loan application asking consumers what language they want to communicate in.

A bill to overhaul the Dodd-Frank Act could get a vote in the full House as early as June 7.

In a rare move, the credit union regulator is asking the CFPB for exemptions for credit unions from expanded HMDA requirements and unfair and deceptive acts authority.

The Federal Trade Commission filed a civil suit against him in 2003. The Illinois Department of Financial and Professional Regulation suspended his loan originator registration in 2010.

The Government Accountability Office has agreed to a request by a GOP lawmaker to examine whether Congress can reject regulators' guidance.

Regulators have unfairly targeted Ocwen Financial Corp. with the goal of forcing it to sell its mortgage servicing portfolio to investors that would foreclose on troubled borrowers, claims a prominent mortgage finance analyst.

Roughly 58% of 6,000 voters in key states said they would support moving the bureau from a single director to a bipartisan commission, according to an industry-supported poll.

The trend of putting ever-smaller pieces of the same commercial mortgages into multiple securitizations requires investors to be extra careful, and will inevitably make workouts of bad loans more complicated.

The Congressional Budget Office said only community banks would choose to hold higher capital in return for fewer rules while lowering its estimate of cost savings of eliminating new FDIC resolution powers.

A Newport Beach, Calif., man was arraigned on charges of impersonating an attorney and defrauding clients through debt consolidation and mortgage modification schemes, according to the Orange County District Attorney's office.

New York Gov. Andrew M. Cuomo signed legislation sending $2.5 billion to the construction and preservation of affordable housing, celebrating it as the start to his $20 billion plan to combat homelessness.

Philadelphia homeowners at risk of foreclosure over past-due property taxes could be given free housing counseling and have their debt deferred under a program being developed by City Council.

Treasury Secretary Steven Mnuchin was pressed for his views on housing finance reform, what a “modernized” version of the Glass-Steagall Act would look like and a two-tiered regulatory system.

A yearlong battle in San Francisco City Hall ended Wednesday night when two factions on the Board of Supervisors reached a compromise on how much affordable housing to require in new market-rate developments.

The German bank posted two consecutive years of losses partly because of misconduct fines tied to the Libor and other scandals.

Fannie Mae and Freddie Mac should be able to rebuild a capital buffer to avoid any potential crisis in the mortgage market, according to a coalition of affordable housing advocates, homebuilders and small mortgage lender groups.

Some believe that increased bank regulation is to blame for overall slower growth in commercial and industrial loans. Yet that assessment misses some important details.

State regulators felt they were strung along by the mortgage servicing giant Ocwen Financial after years of promises that were never fulfilled, resulting in successive enforcement actions against the company.