Production was down for both purchase and refinance loans.

Former Ginnie president Ted Tozer said now that Biden has made his pick, he hopes the process moves forward in a timely manner.

Donatacci joined the non-QM and conventional lender roughly two years ago.

The payment provisions under the payday lending rule will become effective June 13, 2022. Attorneys suggest lenders with products covered under the small dollar rule begin revising policies and procedures.

Wells Fargo’s problems with the CFPB are now in the rear-view mirror, but the megabank has considerable OCC exposure. For starters, it cannot buy mortgage servicing rights.

A recent coordinated action by the DOJ and OCC against an Atlanta-based mortgage lender for redlining practices appears to be a harbinger of things to come under the Biden administration.

Sanctioned once before by the CFPB, it could be the end of the line for an Oakland-based payday lender that caters to employees of the military.

The settlement would end a class action filed against Sierra Pacific Mortgage for allegedly receiving illegal payments in exchange for referrals of title work.

Georgia residents submitted 825.2 complaints per million people against financial service providers in the second quarter of 2021. (Includes data chart.)

According to interviews with warehouse executives and consultants, business remains healthy for the most part but borrowing clients are beginning to reduce their line sizes as retail applications creep downward...