Consumer Financial Protection Bureau (CFPB)

Consumer agency researchers say combination creates a more accurate reflection of ability to pay.

CFPB says company harmed nearly 500,000 homeowners serviced by Mr. Cooper.

In blog post, director says agency intends to streamline regulations.

Addresses reconsiderations of value (ROV) for residential real estate transactions. 

The rule is intended to ensure the credibility and integrity of Automated Valuation Models.

CEO Bob Broeksmit calls for sensible Regulation, clarity, and support for the mortgage industry.