CEO Curtis Farmer said the warehouse sector, where Comerica provides lines of credit to mortgage banking companies, has not been providing much help as the company seeks to bolster deposits. https://www.nationalmortgagenews.com/news/comerica-plans-to-wind-down-its-mortgage-warehouse-business
NextGenMortgage
CFPB says consumers in the South face banking deserts, higher rates
The Consumer Financial Protection Bureau issued two reports analyzing banking and consumer credit trends in the South, where many rural areas are considered "banking deserts." https://www.nationalmortgagenews.com/news/cfpb-says-consumers-in-the-south-face-banking-deserts-higher-rates
Zillow to pay $15 million settlement in shareholder suit
https://www.nationalmortgagenews.com/news/zillow-to-pay-15-million-settlement-in-shareholder-suit
CFPB fines ACI Worldwide $25 million for mortgage servicing error
The watchdog claims that during internal testing, the company illegally processed $2.3 billion in mortgage payments. https://www.nationalmortgagenews.com/news/cfpb-fines-aci-worldwide-25-million-for-mortgage-servicing-error
FHFA seeks input on loan pricing and g-fee links to capital framework
https://www.nationalmortgagenews.com/news/fhfa-seeks-input-on-mortgage-pricing-g-fee-links-to-capital-framework