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

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

DOJ notes that although the lender’s internal quality control reviews “showed severe problems with FHA insured mortgages, USFS routinely failed to provide any meaningful information to senior management…”

Tim Howard, a former Fannie Mae CFO, called Mnuchin’s comments “a welcome reset…”

The leading cause of adverse findings was incomplete or missing loan documents...

New Residential is entitled to a $10 million termination fee if the sale falls apart...

Instead, the FHFA only disclosed specific CSP cost data once – in a September 2015 status report…

The claims relating to the servicing settlement were dismissed with prejudice, which means Schneider cannot bring them again.

The Mortgage Center, a West Virginia-based loan brokerage firm managed by Marc Savitt, plans to open new offices in Florida and New Mexico early next year…