Lending

The Federal Housing Administration's new loan defect "taxonomy" may give lenders better clarity on the quality assurance reviews of FHA loans, but it's not a shield from possible enforcement action by the Department of Justice and other regulators.

Marketplace lending represents a new subset of competitors for credit unions. As investment dollars flood into the alternative lending sector, fueling the rapid growth of early entrants such as Lending Club, lots of smaller online loan platforms are also popping up. Many of these new firms are specializing in narrow lending niches, touting their expertise in underwriting particular forms of credit. Here’s a rundown of some of these specialties.

When the Supreme Court agreed to hear a Texas "disparate impact" case last year, many financial institutions hoped it would end the use of the divisive legal theory used by regulators and other authorities. But the court's Thursday decision, by contrast, appears to strengthen the government's hand.

The CFPB is helping to reshape mortgage and payday lending, but its attempts to curb abuses in auto lending have been largely stymied by car dealers and the fragmented nature of auto finance.

SECU of Maryland has licensed Rate Reset to allow members to "reset" loan rates without going through a formal refinancing process.

Senate Democrats are urging regulators to investigate potential discrimination in how financial institutions handle and market foreclosed homes.

Nonbank lender HomeBridge Financial Services has lifted the curtain on a new mortgage platform aimed at community banks and credit unions.

After publishing 1,888 pages detailing new mortgage disclosures, the Consumer Financial Protection Bureau's failure to file a required two-page form with Congress on time forced a delay of the rules' effective date.