The CFPB said it would no longer tolerate nursing homes requiring caretakers to take on a prospective nursing home resident’s costs of care as a condition of admission.

A maneuver involving Rohit Chopra and the Federal Deposit Insurance Corp. board in December 2021 was allowable under FDIC bylaws, according to an opinion published by the DOJ’s Office of Legal Counsel.

The CFPB found that rural Appalachians have higher cost of credit, higher mortgage application denial rates and more reliance on loans for manufactured housing that are often of a higher cost.

CFPB taps Civil Penalty Fund for victim relief; bureau warns of phone imposter scam; Georgia tweaks license laws; R.I. allows remote work; OCC reduces bank assessment rates.

After Hsieh, Patti Cook, CEO of Finance of America, was the highest paid executive among the nation's publicly traded nonbanks.

It's not often that Freddie bests its crosstown rival...

Ocwen is contemplating its options, including leaving the Ginnie Mae arena...

Income trends on mortgages varied widely at individual banks.

Loan sales to Fannie Mae, Freddie Mac and Ginnie Mae plummeted further in the second quarter as desperate lenders tried to boost volume by easing credit quality standards. (Includes one data chart.)

Although the nation’s job numbers look exceeding bright, all is not well with the mortgage industry where the job shedding machine is working overtime.