The first mortgage default rate dropped for the first time since July 2014 after months of steady increases, according to the February S&P/Experian Consumer Credit Default Indices report.

The Consumer Financial Protection Bureau announced Tuesday it’s adding two new topics - debt collection practices and ability-to-repay standards - to a planned second credit card market study that could lead to new rules and enforcement actions

Mortgage default rates remained largely unchanged in February amidst mixed results nationwide, according to data released by S&P Dow Jones Indices and Experian.

An outage that crippled the Internal Revenue Service's ability to process 4506-T forms for nearly two weeks has been resolved, but the capacity constraints in the tax transcript service are an ongoing challenge for the mortgage industry.

JPMorgan Chase & Co., the second-largest servicer of U.S. mortgages, is buying the right to handle $45 billion of home loans from Ocwen Financial Corp., according to a person familiar with the transaction.

Bryn Mawr Bank in Pennsylvania has filed documents to raise up to $200 million.

Nevada lawmakers reviewed a bill Monday to curb predatory short-term lending by better disclosing the rates and risks of payday loans.

A spike in security breaches might make such protection more appealing to customers, even though regulators are taking a closer look at banks that offer such add-on products.

For several years regional banks have been furiously trying to boost fee income by beefing up in wealth management. But the cost of acquiring talent has made it hard for them to gain traction in this all-but saturated market.

Financial Institutions Inc. in Warsaw, N.Y., has filed to sell up to $100 million in debt and equity.

West Virginia lawmakers passed a bill Saturday to make changes to the state’s Consumer Credit and Protection Act concerning collecting debts, including the codification of abusive call volume.

Private student loans would no longer be exempt from protections when borrowers file for bankruptcy, under a bill introduced in the U.S. Senate.

Warburg Pincus is set to sell its remaining shares of National Penn Bancshares in Allentown, Pa.

First Defiance Financial in Defiance, Ohio, has completed its exit from the Troubled Asset Relief Program after buying an outstanding warrant from the Treasury Department.

Meta Financial Group in Sioux Falls, N.D., expects to have a strong fiscal second quarter despite a small charge tied to brokered deposits.

Kearny Financial in Fairfield, N.J., is moving ahead with its second-step conversion after getting approval from the Federal Reserve Board.

Lending groups are demanding the Consumer Financial Protection Bureau take down its mortgage rate calculator, arguing it is providing misleading information to consumers.

Nomura Holdings Inc. and Royal Bank of Scotland Group Plc helped fuel a bubble that led to the collapse of the U.S. housing market, an attorney for the Federal Housing Finance Agency said at the opening of a trial over defective mortgage-backed securities.

A former chief financial officer at Cooperative Bank in Roslindale, Mass., has filed a whistle-blower lawsuit against the mutual thrift, alleging he was fired after complaining about conflicts and mismanagement.

Westamerica Bancorp. probably expected little trouble when it asked for regulatory permission to close a small branch in northern California. Wrong! Welcome to the world of online petitions and social media.