Mortgage lenders and other employers that have made or are preparing to implement changes to comply with the Department of Labor’s revised overtime pay regulations may have to reevaluate whether to hold off or go forward with those plans, according to wage and overtime experts. On Nov. 22, Judge Amos Mazzant of the Eastern District of Texas granted a request by several states to block the new overtime pay rules that would have gone into effect on Dec. 1. The judge issued a preliminary injunction after determining that the DOL did not have the authority to decide whether workers should be paid overtime based on their salary level alone. Mazzant agreed...

As IMFnews went to press Wednesday, Mnuchin said in a Fox TV interview that resolving Fannie and Freddie will be a top priority.

The mortgages were originated by Lone Star affiliate Caliber Home Loans, but also LendSure Mortgage and Sterling Bank & Trust.

Despite the improvement in gripes filed, mortgage complaints are among the top three areas where consumers feel they are being taken advantage of…

In case you haven’t noticed: the national debt is ready to crack the $20 trillion mark – almost twice the dollar volume of outstanding residential debt in the United States.

A reason to worry: several federal consumer financial protection laws give direct enforcement authority to the states…

The MBA said the calls would generally be from servicers to borrowers, seeking to determine the reasons and nature of a delinquency…

Moreover, anyone close to Richard Cordray has likely been working on their resume since Tuesday night, Nov. 8…

Current R&W disclosures are seen as particularly inadequate for deals involving non-agency mortgages from multiple lenders…

Fannie Mae common has a “market cap” of $17.68 billion while Freddie is valued at $9.79 billion…