Former FHA chief Dave Stevens: “This settlement marks an end to the era of overly aggressive legal action using FCA as a means to leverage lenders into large settlements.”

Better.com’s other major backer is Citigroup. Better recently hired industry veteran William Buell to head the nonbank’s B2B platform. Buell has a deep resume, including stints at Bank of America, JPMorgan Chase and FirstKey…

At a recent American Bankers Association conference, Cathryn Abshier, fair lending officer and vice president of compliance at Mr. Cooper, said the nation’s third-largest servicer is seeing state regulators focus on disparate impact in their fair lending examinations.

Within the White House, the administration’s point person on GSE issues is Andrew Olmem, who serves on the National Economic Council. Prior to joining the NEC in 2017, Olmem was a partner at Venable, LLP. He also served as the Republican chief counsel and deputy staff director of the Senate Banking Committee.

Fannie Mae this week promoted Strategy Advisor Andy Peters to vice president and head of single-family strategy. He joined the government-sponsored enterprise last fall...

In May, the bureau published nine orders partially modifying CIDs issued over the past few years.

Industry trade groups are not happy with the regulatory language, believing it could prevent much needed reminders to mortgagors in trouble…

The name Moelis should be familiar to mortgage professionals, especially those keeping tabs on Fannie Mae and Freddie Mac.

According to court filings, Wachovia Capital Markets, which served as one of the underwriters and book-runners for the NovaStar deals, provided investors with misleading statements in its SEC registrations and offering documents.

Anurag Agarwal, president of compliance risk analysis at Asurity Technologies, warned of an increase in regulatory examinations and fair lending inquiries from community groups and the media once the complete data set is available to the wider public.