Fewer than 3,000 people have been convicted of federal mortgage fraud over the past 12 years and most didn’t serve the maximum sentence, according to an industry researcher.

The CFPB this month ended consent orders against four companies, including Apple and U.S. Bank, citing payments of penalties, among other reasons.

Many industry stakeholders are worried the proposal would create consumer protection gaps in the financial sector.

While some industry members are pushing the bureau to raise larger participant thresholds, others worry the reduced oversight will harm consumers.

Some guidance documents tied to the Real Estate Settlement Procedures Act were not among the dozens of guidance documents withdrawn by the CFPB earlier this year.

CFPB proposal on ECOA being reviewed by OMB; NTEU drops one lawsuit against CFPB; ABA asks federal agencies to make sure OCC upholds a national bank preemption standard.

The CFPB’s potential rescission of the LO compensation rule won’t fully exempt mortgage companies from the rule’s requirements, according to an industry attorney.

The potential staff cuts are tied to the bureau’s reduced funding for fiscal year 2025, which takes effect Oct. 1.

Emigrant Mortgage has asked the high court to weigh in on three questions that divided a lower court.

The New York Department of Financial Services’ revised proposal doesn’t include any of the substantial changes sought by mortgage industry stakeholders.