It got 14 votes from House Democrats, but the Republican-sponsored Middle-Class Borrower Protection Act is unlikely to make it to the Senate.

ACI Worldwide accidentally charged Mr. Cooper customers for $2.3 billion in mortgage payments.

The Federal Housing Finance Agency’s proposal to codify its fair lending oversight of the GSEs is rife with redundancies, some say.

Director Rohit Chopra noted borrower hardships due to excessive paperwork, as well as fees and negative credit reporting events that occurred while a loss-mit application was under review.

The Supreme Court agreed to take a case this week involving liability under the Fair Credit Reporting Act for a mortgage from the U.S. Department of Agriculture’s Rural Housing Service.

The inspector general found fault with how the industry in general and Mr. Cooper in specific handled pandemic-era loss mitigation.

Cenlar, the big kahuna of subservicing, could be poised for explosive growth. There’s just one problem: The outsourcer is still operating under OCC-imposed limitations. But for how much longer?

CFPB Director Rohit Chopra said the mortgage market would see severe disruption if the Supreme Court finds the bureau’s funding structure unconstitutional.

The increase in usage of home equity lines of credit suggests that consumers are facing some financial difficulties, the NCUA has warned.

Pushback of proposed certification requirements and a vacant leadership role have led to a year-long blackout on new CDFI applications.