A Connecticut appeals court affirmed a trial court’s verdict that was in favor of the Connecticut Department of Banking revoking 1st Alliance Lending’s mortgage license.

The bureau said many homeowners reported that their servicers pushed them to take on new, higher-interest loans instead of keeping their existing mortgage.

The rule mandated under the Economic Growth, Regulatory Relief and Consumer Protection Act received approval from groups representing mortgage lenders and consumer advocates. PACE lenders, meanwhile, have concerns.

JPMorgan Chase, Wells Fargo and Bank of America have been accused of failing to protect consumers from fraud on Zelle, a peer-to-peer payment network.

CFPB sues Walmart and Branch Messenger; CFPB report uncovers illegal practices in the student loan market; CFPB sends warning to credit card rewards programs about illegal practices; CSBS proposes changes to mortgage call report.

Among the allegations: Vanderbilt approved a loan for a family with 33 debts in collection...

A new FHFA working paper examined factors that influence borrowers’ decisions on whether they should pursue forbearance when facing financial distress.

The investment vehicle plans to mainly buy whole loans, but may also purchase ABS.

The lawsuit accuses Rocket Homes of steering customers to its affiliated companies for mortgage loans and closing services.

Starting in March 2026, residential mortgage protections will apply to Property Assessed Clean Energy loans. Mortgage industry groups and consumer advocates applauded the move.