The $13 million settlement with the New Jersey-based bank was the third-largest redlining settlement in DOJ’s history.

The Federal Trade Commission and California’s Department of Financial Protection and Innovation have initiated action against a group of companies for making false claims related to mortgage modifications.

The CFPB imposes penalty on overdraft fees; online lender sued; money transfer firm fined; term lender’s appeal fails.

The tightening on LTV ratios could be tied to home price trends.

Rushmore’s contract base is nothing to sneeze at...

The sale gets the Michigan-based wholesaler out of the reverse mortgage game...

Too much demand and not enough supply meant no housing bubble. Both those days are in the rearview...

While interest rate hikes are deflating originations, lenders aren’t budging much on underwriting standards for purchase mortgages, based on an analysis of mortgages delivered to the GSEs in the third quarter. (Includes two data charts.)

Among purchase mortgages with primary mortgage insurance, GSE volume declined in the third quarter while FHA and VA volume increased. California also lost its spot as the top source of loans with MI. (Includes two data charts.)

Actions are speaking louder than words as mortgage industry-sponsored political action committees make contributions in the runup to the mid-term election.