Deutsche Bank jumped in Frankfurt trading after a media report that the lender is nearing a $5.4 billion settlement with the U.S. Department of Justice in a probe tied to residential mortgage-backed securities, less than half an initial request.

Strong home sales are boosting originations of Federal Housing Administration loans and opening the door for first-time buyers — developments that could portend the mortgage insurance agency receiving a positive report from auditors this fall.

An FHA lender was cited for violating Department of Housing and Urban Development rules by allowing repayment provisions in second mortgages.

BB&T Corp. has agreed to pay $83 million to settle a Department of Justice investigation over loans that failed quality control tests but were still insured by the Federal Housing Administration.

IBM will purchase Promontory Financial Group — a consultancy so influential it has been dubbed the industry's "shadow regulator" — in a move that could extend artificial intelligence into every aspect of banking.

The Department of Justice wants banks to more fully cooperate with civil investigations. Companies now are expected to "materially assist" the agency in providing documents, access to witnesses and even inculpatory documentary evidence such as emails and text messages.

Eight years after high-risk, deceptive lending practices precipitated a near-meltdown of the global economy, we learned that at least 5,300 Wells Fargo employees created 2 million sham accounts that its customers apparently did not want, need or understand.

Deutsche Bank isn't the only lender wrestling with the U.S. to resolve an investigation into toxic mortgage bonds: Credit Suisse Group and Barclays are also each in settlement talks with the Justice Department.

Royal Bank of Scotland Group agreed to pay $1.1 billion to settle the first of three major U.S. mortgage-backed securities probes the bank must overcome before it can resume dividend payments.

The Federal Housing Administration issued a proposal Tuesday that would make it easier for lenders to secure government guarantees for condominium loans.

Banks are to blame for delaying resolutions of U.S. mortgage investigations by failing to cooperate, a top Justice Department official said.

Republican presidential nominee Donald Trump used the first debate to attack the Federal Reserve Board, reiterating accusations that it has purposely kept interest rates low to help President Obama.

Now that Fannie Mae requires trended data credit reports for its automated underwriting system, will other secondary market players follow suit? If so, how soon?

Restoring consumer confidence in financial services won't be easy after the latest banking brouhaha, but the Consumer Financial Protection Bureau can help by proactively holding all mortgage loan officers to the same federal licensing standard.

The Mortgage Bankers Association has detailed the features of a proposal to succeed the soon-to-be-defunct Home Affordable Mortgage Program.

The Consumer Financial Protection Bureau filed a lawsuit against a Van Nuys, Calif., credit repair company for deceptively marketing its services and charging consumers illegal fees.

The number of unique individuals holding state mortgage licenses has risen 7.5% from one year ago, according to the Nationwide Multistate Licensing System.

The mortgage industry is failing communities of color by not providing adequate access to conventional loan products, calling into question the future of the housing market and the nation's ability to turn the tide of rising wealth inequality.

Republican lawmakers are pushing back against claims by the Consumer Financial Protection Bureau's allies that it rooted out fraud at Wells Fargo, arguing the L.A. City Attorney and the Los Angeles Times brought the situation to light.

Federal Reserve Chair Janet Yellen pushed back against the notion that banks might be "too big to manage," saying that despite concerns raised by the recent scandal at Wells Fargo, there is no inherent reason why large banks cannot meet existing standards of conduct.