CFPB Debuts Consumer Credit Trends Tool – NMP
Tech

CFPB Debuts Consumer Credit Trends Tool

Dec 16, 2016
The Consumer Financial Protection Bureau (CFPB) has levied a $1.75 million civil penalty against Coppell, Texas-based Nationstar Mortgage LLC

The Consumer Financial Protection Bureau (CFPB) is now offering a beta version of Consumer Credit Trends, a Web-based tool that the agency claims will “help the public monitor developments in consumer lending and forecast potential future risks.”
 
“Our Consumer Credit Trends tool can chart the state of consumer markets,” said CFPB Director Richard Cordray. “This critical information will help us identify and act on trends that warn of another crisis or that show credit is too constricted.”
 
The beta version of the tool will track the mortgage market, and the initial Consumer Credit Trends data report has determined that mortgage lending increased 48.5 percent on a year-over-year basis in the period between August and October. The CFPB also found more than 900,000 mortgages totaling $243 billion were originated in October, which the agency defined as “an unusually large number likely due to a high rate of mortgage refinancing.”
The new tool will also follow trends in the auto lending, credit cards and student loans markets.
About the author
Phil Hall
Link copied
Published
Dec 16, 2016
Get the NMP Daily
Operations
Rocket Pro Extends Purchase Credit, Names Big Pitch Finalists

Rocket adds same-business-day conditional approvals and a 12-business-day clear-to-close commitment on conventional purchase loans

Rocket Pro is putting speed behind its latest Power Play.The wholesale arm of Rocket Mortgage is extending its 100-basis-point stacked purchase credit through Aug. 3, while adding a new closing-speed commitment aimed at helping brokers compete in a tight purchase market.The ...

Continue reading
Regulation and Compliance
VantageScore Says 4.0 Model Could Unlock $1 Trillion In Mortgage Originations

New study says VantageScore 4.0 scores five million more creditworthy borrowers than FICO Score 10T, expanding lending opportunities as the industry prepares for the GSE credit score transition

Just days after Fannie Mae and Freddie Mac released historical mortgage performance data to help lenders evaluate the industry's next generation of credit scoring models, VantageScore is making the case that its model could dramatically expand the mortgage market.In a white ...

Continue reading
Renew your NMLS License — for free.

Enjoy access to a free NMLS renewal class when you attend an in-person event.

Find an event
More from
Tech
TitleEase Expands LO Workflow With Contract2Close Integration

New partnership embeds title ordering into the transaction management platform as vendors compete to simplify mortgage operations

Tech
Jul 07, 2026
Cloudvirga Adds Plaid To Speed Mortgage Verification

The mortgage technology provider expands Tropos platform with consumer-permissioned financial data to reduce documentation and support digital underwriting

Tech
Jul 02, 2026
AI Replaces Lending Handoffs At Credit Union

MidWest America FCU consolidates point of sale, origination and decisioning into a single AI-powered workflow

Tech
Jun 29, 2026
Dovenmuehle Launches New Diagnostic Process To Streamline Servicing Transfers

Mortgage subservicer says early-stage assessment helps lenders identify operational risks, improve onboarding efficiency, and reduce transfer-related delays

Tech
Jun 24, 2026
Blue Sage Expands SageVision, UW Studio, Voice AI Capabilities

Latest updates bring embedded AI automation to lending and servicing workflows

Tech
Jun 18, 2026
Mortgage AI Startup Copperlane Lands $4.1M Seed Round

Startup's AI assistant, Penny, aims to automate document collection, borrower follow-up, and file review before loans reach underwriting

Tech
Jun 18, 2026