CFPB Again Moves Against Finance Company. Late last month, the CFPB took its second legal action against Military Credit Services, LLC, a Norfolk, VA-based finance company, accusing the company of making loans with improper disclosures.... TransUnion Agrees to $19.4 Million Settlement. TransUnion, one of the largest credit reporting agencies in the U.S., has agreed to settle a dispute with the CFPB over the company’s practices related to the advertising, marketing and sale of consumer reports, credit scores or credit marketing products to consumers, the firm said in a recent Form 8-K filing with the Securities and Exchange Commission....

The nation’s top three ARM producers are: JPMorgan Chase, Wells Fargo and Bank of America…

Consultant Joe Garrett notes: “It’s a very small club of mortgage bankers who’ve bought banks…”

The agency said 108,875 homeowners avoided foreclosure after seeking assistance from a HUD housing counselor.

When the housing recession was in its early years, negative equity was most pronounced in a handful of Southwestern and Southeastern markets...

With the purchase now complete, there are just six MI firms in the U.S.

With rates rising (and staying that way, for now) mortgage M&A is expected to pick up steam in the coming months...

But if you think that Wells Fargo will pull a “BofA” and quietly downshift its presence in mortgages, think again.

The index estimates the level of defects detected in loan applications processed by the First American FraudGuard system.

In the third quarter, the top FHA rehab were Prospect Mortgage, Movement Mortgage and Wells Fargo.