FHA must do more to ensure its lenders approve only loans for borrowers who meet the program’s statutory, regulatory and eligibility requirements, the HUD’s internal auditor said.

The report, alongside several other federal agency reports, addresses how the government will act in creating new standards to protect communities and mitigate climate change’s economic effects.

We pointed it out before, but the situation has not changed: Nonbanks that went public over the past 16 months are not doing well when it comes to share price. As for meaning: Such a performance does not bode well for other nonbanks contemplating life in the public realm.

Wholesale-broker platforms posted the biggest increase, with volume up 1.6% to an estimated $186 billion...

Highlighting how algorithmic bias was leading to new, harder-to-detect digital redlining, Chopra said, “We need to make sure we have the skill sets in house"...

First Republic Bank also stands out among the 30 companies: Its jumbo servicing portfolio increased by 4.2%...

Market watchers believe the activity was driven, in part, by exceptional home price appreciation and more interest in the sector among lenders.

Also, because Thompson is a Democratic appointee, she likely is leaning toward the option of using the government-sponsored enterprises to improve the lot of low-income borrowers.

If former bureau attorneys are found engaging in violations, the CFPB said it will “make referrals to state licensing bodies and bar associations that may wish to consider disciplinary proceedings.”

The package is top-heavy in California product at 27%. Florida is next at 17%...