Christine Layton

Investment

Student Loans Represent Threat to Economy with Debt Soaring 6% Every Year

Student loan debt is soaring, creating not only a burdened class of graduates but a generation...

Investment

CFPB: Flagstar Bank to Pay $37.5 Million for Mortgage Servicing Violations

On Monday, the Consumer Financial Protection Bureau announced it has ordered Michigan-based Flagstar Bank to pay...

Investment

Communities Demand End to HUD Distressed Loan Sales

Community groups and homeowners in 10 cities have started to rally at local offices of the...

Investment

Survey Finds Qualified Mortgage Rules Increase Costs for Lenders

While new mortgage regulations introduced earlier this year have had little effect on lenders’ strategies, most...

Investment

Consumer Debt Declines; Auto Loans Rising to 8-Year High

Consumer debt fell last quarter for the first time in one year as mortgage originations fell...

Investment

FHA Commissioner Carol Galante to Step Down

A top housing official for the Obama administration will announce this week her plans to step...

Investment

CFPB Rules Harming Mortgage Lending, According to Federal Reserve

New mortgage rules imposed by the Consumer Financial Protection Bureau (CFPB) are driving down mortgages made...

Investment

Bank of America Nears Largest U.S. Mortgage Settlement in History at $17 Billion

Bank of America is nearing a $16 to $17 billion settlement with the Department of Justice...

Investment

National Survey Finds Mortgage Closing Costs on the Rise

With rising home prices, it’s no surprise that buying a home is more expensive than it...

Investment

Regulators Still Troubled by Overdraft Fees as Banks Prepare to Lose Billions From CFPB Rules

Four years ago, federal regulators passed rules designed to reduce overdraft fees. The Consumer Financial Protection...