Sailthru NMN servicing no display

Ex-Wilmington Trust president gets six years for hiding bad loans


Richard Harra was also fined $300,000 for painting a false picture of the bank’s financial health at the height of the financial crisis.


Wells Fargo to cut up to 26,000 jobs within three years


The cuts are part of a broader effort to trim expenses by roughly $3 billion a year by 2020.


Goldman Sachs investors win right to sue as group over CDOs


The investors initially won the right to sue as a group in 2015 before an appeals court reversed the ruling; the $13 billion lawsuit can now proceed as a class action.


Legal industry scores victory over CFPB in debt collection battle


A ruling involving a Cleveland law firm casts doubt on CFPB claims that attorneys misrepresent their role to consumers.


Adviser to Mulvaney chosen as CFPB's No. 2


Brian Johnson will serve as the agency's acting deputy director, succeeding Leandra English, who recently said she plans resign from the CFPB.


CFPB's compliance approach makes regulatory guidance unreliable: MBA


The Consumer Financial Protection Bureau's practice of "regulation by enforcement" and use of nonbinding guidance materials makes its regulatory efforts "unfair and ineffective" to lenders and servicers, the Mortgage Bankers Association said.


Senate farm bill would extend flood insurance program


The Senate's farm bill would prevent the July 31 lapse of the National Flood Insurance Program, but it still needs to be debated in conference with the House.


Trump said to favor little-known OMB official as next CFPB chief


Kathy Kraninger, an obscure official at the Office of Management and Budget, is President Trump's leading candidate to become director of CFPB, according to sources.


SunTrust passes national mortgage settlement review


The Atlanta bank had previously failed compliance metrics in five straight quarters before passing them last year, according to the settlement's monitor.


SouthCrest in Georgia sells largest foreclosed property


The company has also hit its goal of having half of total loans tied to customers around Atlanta.