The DOJ said its support of the Fair Housing Act lawsuit underscores the Biden administration’s seriousness in addressing ongoing legacies of residential segregation and discrimination.

Illinois District Court Judge Elaine Bucklo found that the plaintiff had no evidence that Bank of America had engaged in an equity-stripping scheme, much less one that targeted minority borrowers.

Auto lending practices under scrutiny; fair lending testing bill; CBA wants CFPB to examine small fintechs; court grants interlocutory review of NCSLT-CFPB decision; EFTA compliance bulletin; interagency letter on unmet credit needs; comment on FTC settlement; PSLF waivers.

Among 461 banks and thrifts in the analysis, only seven lost money on mortgage banking during 4Q...

In recent weeks, buyers of non-QM whole loans have scaled back their bid prices.

Servicing prices are the strongest they’ve been in years, a situation that isn’t likely to change anytime soon.

In particular, Fannie benefited from loan-loss recaptures...

The new requirements would distinguish between large and small servicers and whether that servicing covers GSE loans or Ginnie Mae loans.

The ruling makes it unlikely GSE shareholders will ever receive compensation for the value they lost through the net worth sweep.

Credit-related income boosts profits at Fannie Mae; fair value losses at Freddie Mac keep net income growth in check.