Ultimately, whichever side loses, the case likely will be appealed to the U.S. Supreme Court...

To date, the CFPB has declined to issue formal guidance on assignee liability and TRID. Instead, the regulator has held several informational webinars on the rule.

Additionally, the annual MIP for affordable mixed-income properties has been lowered to 35 bps...

Fannie's CFO McFarland made her disclosure around the same time the U.S. Treasury changed the terms of the GSE bailout...

Another disturbing wrinkle was CFPB Director Richard Cordray rejecting an administrative law judge’s proposed penalty of $6.4 million against PHH and instead jacking it up to $109.2 million...

Seehausen stressed that due diligence reviews never became a big part of the company’s product offerings...

Four of the five largest IO lenders in the group are commercial banks…

As IMFnews reported recently: one nonbank lender had a $910,000 jumbo mortgage rejected by a secondary market buyer because of a $19 TRID-related mistake on the disclosure form.

PHH isn't saying much on the touchy subject of Merrill Lynch at this time...

Associate Attorney General Stuart Delery: “This resolution holds Goldman Sachs accountable for its serious misconduct..."