Kate Berry

Richard Cordray's recess appointment to the Consumer Financial Protection Bureau may ultimately be invalidated, but legal experts say several recent mortgage regulations approved on his watch may still be upheld.

EverBank and OneWest appear set to do what regulators and the largest mortgage servicers concluded was impractical: Finish the independent foreclosure reviews.

A three-judge panel of the U.S. Court of Appeals ruled that President Obama did not have the authority a year ago when he filled three recess appointments to the NLRB — the same day he appointed Richard Cordray to head the Consumer Financial Protection Bureau.

San Bernardino County CEO Greg Devereaux said Thursday that the plan to use eminent domain to restructure the loans of underwater borrowers had not receive enough community support.

The No. 2 home lender will market the government's Home Affordable Refinancing Program to hundreds of thousands of customers acquired from MetLife. To speed closings, it's licensing Quicken Loans' technology.

The Consumer Financial Protection Bureau's new mortgage servicing rules may force some servicers to exit the business altogether or simply outsource servicing of defaulted loans to third-parties, experts said Thursday.

Just a week after overhauling how mortgages are underwritten, the Consumer Financial Protection Bureau was set Thursday to unleash an additional series of rules dictating extensive new requirements for mortgage servicing.

Community State Bank, of St. Charles, Mich., has agreed to open a loan office in Saginaw, Mich., to settle a Justice Department lawsuit alleging it discriminated against African-Americans.

The National Consumer Law Center released a 90-page report Tuesday calling for the Consumer Financial Protection Bureau to make loan modifications mandatory in national servicing standards.

Start the new year right, with new ways to think about widening your customer base, lowering your legal costs, mentoring your executives, maximizing technology investments ... and more.

Shoring up the Federal Housing Administration's finances in the short term is a top priority, but differences remain on whether the agency needs an overhaul or tweaks around the edges.

In a surprise move, the Federal Housing Administration's Acting Commissioner Carol Galante sent a letter to the Tennessee senator agreeing to make major policy changes, including ending a popular reverse mortgage program for seniors.

Michael Perry will pay the FDIC $1 million in cash from his personal funds, while the FDIC can seek the rest from Perry's professional liability insurers.

Six Federal Home Loan banks have dramatically increased home loan purchases from their members and are selling the loans to Fannie Mae, filling the gap created when large aggregators like Bank of America exited the correspondent business.

Housing advocates say there is a gap between the relief borrowers are seeing on the ground and what the five largest servicers agreed to do as part of the $25 billion settlement signed in February.

First Horizon National (FHN) is adequately reserved to cover all buyback requests from Fannie Mae and Freddie Mac, Bryan Jordan, its president and chief executive, said Tuesday.

Stewart Larsen, Bank of the West's head of mortgage lending, still frets about pending regulation, but he prefers to stay focused on matters he can control.

A California startup has created a Facebook application that can quickly calculate the cost of a mortgage and then directs customers to an online loan application.

Most homebuyers do not obtain multiple offers or even compare interest rates when buying a home, according to new study released by Fannie Mae.

Citing several lawsuits as evidence, activists say the bank's "abusive" lending practices triggered waves of foreclosures in low-income neighborhoods.