For the second time this year and at least the seventh time in recent memory, the Royal Bank of Scotland is about to cut a massive check as part of a settlement over the bank’s mortgage prac... Read more
The Louisiana legislature is moving to ban inclusionary zoning, a policy meant to promote affordable housing by mandating the inclusion of an affordable portion in new housing developments.... Read more
Consumer Financial Protection Bureau Acting Director Mick Mulvaney announced in an email to staff that he plans to reorganize the bureau’s operational structure. And while the CFPB denies th... Read more
A federal California judge ordered Wells Fargo to pay its home mortgage consultants and private mortgage bankers a total of $97 million for a violation of labor laws. But the bank says it di... Read more
NMI Holdings, parent company of National Mortgage Insurance Corporation, promoted Chief Operating Officer Claudia Merkle to president. In her new role, Merkle will oversee sales, marketing,... Read more
The Federal Housing Finance Agency released its Language Access Multi-Year Plan, which outline major obstacles for limited English proficiency borrowers and lays out potential solutions. Her... Read more
The move towards institutionalizing the home-flipping business has another player: Perch. The company, which is based in New York, launched recently and is currently buying houses directly f... Read more
LendingTree entered into a definitive agreement to acquire Ovation Credit Services, an online credit repair company, for $20.75 million. Ovation’s claim to fame is it proprietary software th... Read more
The owners of two California apartment complexes will pay a four-figure fine to settle charges that they discriminated against prospective tenants on the basis of their race or national orig... Read more
Despite last year's hurricane season, mortgage delinquencies continued to decline in February. Although rates are down, hurricanes still have an impact on the markets performance. Read more
