The court found that ESSA Bank & Trust hasn’t substantially complied with the DOJ’s 2023 consent decree, contrary to assertions by the Trump administration.
The trade group said aligning data elements of two mortgage forms would give state regulators more access to information for monitoring company performance, conducting exams and identifying emerging risks.
A New York appeals court will consider a case involving the constitutionality of the state’s Foreclosure Abuse Prevention Act; Academy Mortgage settles sexual harassment charge; Republicans revisit limiting the CFPB’s reach on insurance.
Lenders in the mortgage industry are grappling with legal and regulatory requirements as they embrace artificial intelligence to enhance their operations.
Wells Fargo has been accused of charging borrowers improper mortgage fees during the origination process, while loanDepot is alleged to have violated the Truth in Lending Act’s loan originator compensation rule.