CFPB Makes Complaint Data Public March 28, 2013The database contains some 90,000 searchable complaints on mortgages, student loans, bank accounts and services, other consumer loans, and credit cards.
Mortgage Cases to Test U.S. Use of Once-Obscure Fraud Statute January 17, 2013Banks are testing U.S. authorities' use
of a once-obscure statute to bring more cases tied to the
financial crisis, arguing the government is twisting the law
beyond what it can do. New CFPB Regulations Target Mortgage Servicers January 17, 2013The CFPB announced new rules today regulating the mortgage servicing industry in the hopes of helping struggling borrowers. CFPB Announces New Mortgage Rule to Ensure Borrowers Can Repay Loans January 10, 2013The CFPB's introduced its new Ability-to-Repay rule that charges lenders to make sure borrowers have the means to repay their loans. Banks and Servicers Agree To Mortgage Relief for Sandy Victims November 07, 2012A number of mortgage lenders in New York State have agreed to waive late payment fees and postpone foreclosures for Sandy victims. Sheila Bair's 4 Types of Dysfunctional Regulators October 26, 2012Sheila Bair, former FDIC chair and current industry critic, thinks that regulators are partly to blame not only for the financial crisis and the banking industry's continuing lousy reputation, but she also has plenty of criticism for bankers and politician Mortgage Builder Releases New Loan Origination Platform for Lenders September 20, 2012Mortgage Builder's new Architect platform offers a more user-friendly experience and easy enhancements for bank's lending operations. Citigroup Settles Shareholder Lawsuit For $590 Million August 29, 2012Citigroup Inc agreed to pay $590 million to settle a shareholder lawsuit accusing it of hiding tens of billions of dollars of toxic mortgage assets, one of the largest settlements stemming from the global financial crisis. Bank M&As Pick Up Steam: Hudson City to Merge with M&T Bank August 27, 2012Hudson City to merge with M&T Bank; $3.7 billion deal creates combined network of 870 branches stretching from Connecticut to Virginia. CFPB Proposes Rules to Change Loan Origination Market August 20, 2012The proposal includes new rules the regulator says will help consumers understand mortgage costs better.
Big Four Banks Expected to Post Profits For Second Quarter, Report Says July 16, 2012A new report by SNL Financial says that the "big four" banks will post modest profits for the second quarter despite unsure economic conditions. What the New CFPB Mortgage Disclosure Forms Mean for Banks July 12, 2012Although making the switch over to the new disclosure forms could be messy for banks, it could also help restore customer confidence in banks and mortgages. Mortgage Loan App for iPad Gets New Loan Origination Features July 10, 2012Loan agents, realtors and borrowers will now be able to start the loan application process in real-time with the LenderMobile+ app for the iPad. CFPB Introduces New Mortgage Disclosure Forms and Protections for "High-Cost" Mortgages July 09, 2012The new forms and protections are designed to help customers better understand the costs and risks of taking out a mortgage. Bank of America Sells $10 Billion Worth of Mortgage Servicing Rights June 05, 2012Nationstar Mortgage Holdings Inc. announced today it has reached an agreement with the bank. Online Mortgage Complaint Tool Launched May 10, 2012The online portal will help monitor how banks comply with the $25 billion settlement reached earlier this year with state and federal governments. Wipro Gallagher Launches Loan Origination iPad App May 07, 2012The lending solutions company has announced the release of its newest product, Enterprise Mobile Origination. A 21st Century Agency: Q&A With CFPB's Chris Willey March 13, 2012The CIO of the recently formed regulatory body discusses the role technology plays in the agency, in both internal functions and carrying out its directives. Deloitte's New U.S. Financial Services Head Advocates Strategic Approach to Compliance May 06, 2011Deloitte's new U.S. financial services head advocates strategic approach to compliance; Bob Contri foresees a heavy focus on Dodd-Frank compliance, the mortgage market, and data management. PA Community Bank Saves Time With Automated Mortgages March 17, 2011Although customers aren't flooding rural Community Bank's website with online mortgage applications, loan officers' time and trees are being saved with mortgage software.