In a statement, bank CEO Charlie Scharf said, “Building an appropriate risk and control infrastructure has been and remains Wells Fargo’s top priority. The OCC’s actions today point to work we must continue to do to address significant, longstanding deficiencies.”

What happened? Servicing advisors sharpened their pencils, studied the proposal and concluded it won’t be so bad after all.

With the CDC no longer able to offer eviction protection to those delinquent renters, speculation now turns to whether the federal agencies in charge of housing policy, including the Federal Housing Finance Agency, will institute a moratorium of their own.

More specifically, FHFA recommends the enterprises focus on reducing racial disparities in acceptance rates generated by their automated underwriting systems...

MBA, like many trade groups, was forced to cancel the in-person portion of all shows dating from the spring of 2020...

Earlier in the week, CoreLogic estimated a loss of between $27 billion and $40 billion because of damage to property, including insured and uninsured residences and commercial structures...

The FTC has some questions for SFR giant Invitation Homes. Details? None...

In its comment letter, FHLB San Francisco essentially said: None of your business.

Cadence Bank CEO Paul Murphy said the company “believes that at all times it acted in compliance with our nation’s fair lending laws.”

The FHFA wants to increase the amount of cash Fannie and Freddie can invest in the low-income housing tax credit market to $850 million each from $500 million...