The founder of the shuttered non-QM lender Sprout Mortgage has shifted to personally brokering loans. Also, a class-action lawsuit against Sprout was complicated by a bankruptcy filing.

A judge determined that Change Lending will be able to provide loans as a certified CDFI until at least December.

American Bank of Oklahoma has agreed to settle charges it used discriminatory lending practices in the Tulsa metropolitan statistical area.

According to a compliance attorney, the CFPB was problematizing legal behavior in its recent consent order against Freedom Mortgage.

A jury in the U.S. District Court for the District of Columbia this week handed GSE shareholders their first major win in their effort to recover some of their investment in Freddie and Fannie stocks.

The Federal Trade Commission, Black Knight and Intercontinental Exchange have filed a joint stipulation for dismissal of FTC’s antitrust lawsuit.

Plaintiffs’ attorney Hamish Hume said he’s optimistic shareholders can persuade a DC jury that FHFA and the Treasury violated shareholders’ contractual rights when they agreed to implement the net worth sweep in 2012.

A New Jersey jury this week agreed with LoanCare’s counterclaim that Freedom Mortgage fraudulently transferred funds when terminating a subservicing agreement.

The Consumer Financial Protection Bureau’s funding structure is unconstitutional, a bevy of new amicus briefs argue. But they part ways on how to remedy the problem.

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