Initially, the jury awarded $514,000 in compensatory damages from PHH Mortgage and $15.7 million in punitive damages.

The CFPB is listening to recordings of inbound telemarketing calls, the attorney said...

The current supervisory expectation of a near-zero error rate is virtually impossible to achieve, lenders have told the Consumer Financial Protection Bureau.

Total mortgage complaints have been trending downward since they peaked at 15,239 in the first quarter of 2013.

In the Castle & Cook case more than 9,400 consumers received checks from the settlement with the CFPB. But one homeowner decided not to stop there...

Any refunds paid by the originator must occur within 210 days after the loan is made.

Under the CFPB’s new rule, financial institutions will be able to post privacy notices online instead of distributing an annual paper copy.

After all, didn’t America suffer a housing “depression” because credit was too loose? Some GOP conservatives in Congress live by the edict: those who can own; those who can’t rent…

This could mean lenders would require borrowers to lock interest rates only during business hours or even early in the day.

Timothy Zimmerman, president and CEO of Standard Bank, said he’s bothered by too small a percentage of lenders making loans outside the QM parameters.