Federal Agencies Announce Threshold for Smaller Loan Exemption
The 2023 threshold will involve exempting loans from special appraisal requirements for higher-priced mortgage loans.
Tagged: Consumer Financial Protection Bureau (CFPB)
Bank Associations Sue The CFPB Over Discrimination Regulations
The lawsuit claims the CFPB is exceeding its statutory authority outlined in the Dodd-Frank Act.
CFPB Seeks Input On Creating New Mortgage Products
Agency seeks information on refinances, mortgage products to promote competition and support household financial stability.
Asian, Black & Hispanic-White Borrowers Increase Share Of Home Purchases
CFPB report also reveals the official end to the refinance boom and shift to home purchase loans in 2021.
Feds Penalize Trident Mortgage $22M For Deliberate Discrimination
Settlement is the first government resolution involving illegal discrimination by a nonbank mortgage lender.
CFPB Once Again A Federal Priority
In addition to increased rulemaking and outreach, there has also been an enforcement uptick.
Mortgage Banker
CFPB Looking To Simplify Rules.
Chairman Chopra says revising QM regulations is one of his top priorities.
CFPB Director: Agency Reviewing QM Rules, Other Regulations
In a blog post, Rohit Chopra says the goal is to “more clearly communicate the agency’s expectations.”