Kate Berry

Without naming names, the CFPB said in a report released Thursday that, based on its examinations, servicers made borrowers jump through hoops to qualify for loan modifications and were lax about maintaining accurate records.

Lawsky Warms to Bitcoin; Banks Avoid Questionable Customers

Japan, Germany, the United Kingdom and New Zealand are among the countries where local post offices provide a wide range of banking services.

The government-sponsored enterprise is keeping a running list of appraisers that it views as shady and is warning banks and mortgage lenders to be careful about doing business with them.

A new report from Moody's suggests that roughly a dozen regional banks are at risk of sustaining meaningful credit losses on home equity lines of credit that were originated in the boom years and are scheduled to reset over the next three years.

The new "One Deposit Checking" account can be opened with as little as $25. The bank is counting on it to help it sell more products to checking account holders.

Bank of America's chief executive, Brian Moynihan, has come under withering criticism the past few years from skeptics who doubted he could right the ship. After the company reported solid fourth-quarter profits Wednesday, some former doubters appeared to be altering their views.

As competition for home loans heats up, lenders are moving further down the credit curve in order to win business.

The Mortgage Bankers Association has already cut its forecast for mortgage lending this year because of declining loan applications and rising interest rates.

Some banks will be leery about originating loans to the self-employed because they can't document their ability to repay, but others insist that such loans, even outside of QM, are too lucrative to ignore.

In his first major move as head of the agency that oversees Fannie Mae and Freddie Mac, ex-Rep. Mel Watt said Wednesday that he will delay a planned fee hike that would have raised the cost of most home loans backed by the government-sponsored enterprises.

In his first major move as head of the agency that oversees Fannie Mae and Freddie Mac, ex-Rep. Mel Watt said Wednesday that he will delay a planned fee hike that would have raised the cost of most home loans backed by the government-sponsored enterprises.

Despite the risks, lenders have calculated that certain loans that fall outside of QM are worth making and holding on their balance sheets.

Bank of the West said Monday it will continue to offer interest-only mortgages to borrowers even though such loans are excluded from the Consumer Financial Protection Bureau's qualified mortgage rule that goes into effect Jan. 10.

So far, the big mortgage servicers have received stellar report cards for their compliance with the $25 billion national settlement. That could change this year as testing gets tougher -- potentially costing these companies further embarrassment and penalties.

A hike in guarantee fees could encourage banks to retain loans they might have otherwise sold to Fannie or Freddie, but observers are skeptical that it will accomplish its true mission of jump-starting the market for private-label mortgage securitizations.

The Federal Housing Finance Agency has fallen behind in its examinations of Fannie Mae and Freddie Mac because it simply does not have enough examiners to properly monitor the government-sponsored enterprises, according to new report from the agency's watchdog.

The Federal Housing Finance Agency is requesting public comment on a plan to gradually reduce the maximum size of loans that Fannie Mae and Freddie Mac can purchase from mortgage lenders.

Nearly one in four Federal Housing Administration loans would go belly up in the next five years if another recession hit the U.S., a new study has found.

The Department of Housing and Urban Development on Wednesday released its final rule defining what constitutes a "qualified mortgage."