CFPB sues Walmart and Branch Messenger; CFPB report uncovers illegal practices in the student loan market; CFPB sends warning to credit card rewards programs about illegal practices; CSBS proposes changes to mortgage call report.

Among the allegations: Vanderbilt approved a loan for a family with 33 debts in collection...

The jump in refinance business, and a shift from cash-out to rate-term transactions, changed the credit-risk profile for Fannie and Freddie in the fourth quarter.

Commercial banks and savings institutions reported another decline in the volume of mortgages they repurchased in the third quarter of 2024. PNC Bank accounted for the largest chunk of the bank industry’s repurchases, at 11.3%.

Lenders are planning to take a more hands-on approach in 2025 due to the purchase-heavy environment expected this year.

The quality control team at Fannie Mae identified “red flags” that could indicate borrowers have mischaracterized whether they’re seeking a mortgage for a primary residence or for a second home or investment property.

A new FHFA working paper examined factors that influence borrowers’ decisions on whether they should pursue forbearance when facing financial distress.

Nearly 40% of FHA purchase mortgages originated in fiscal year 2024 included downpayment assistance.

With Rep. Patrick McHenry, R-NC, no longer in Congress, legislation to limit trigger lead activity could see a boost; baby boomers expected to pass along home equity to heirs; two banks reposition portfolios; Clever Real Estate adds servicing clients.

It’s the first time Freddie’s MBS business has been larger than Fannie’s on an annual basis since 1991.