The regulators clarified that the final document is intended to be limited to “real estate-related financial transactions that are secured by a single 1-to-4 family residential property.”

The case is still pending a final decision, after an appeals court overturned a district court's dismissal of the lawsuit.

The final rule on the use of automated valuation models in mortgage lending includes a standard that seeks to ensure compliance with nondiscrimination laws.

In Georgia, investors who hold mortgages set for quick securitization will be exempted from the licensing requirements if they hold the loans for 14 or fewer days.

A LendingTree study found that many people seek only one mortgage offer before purchasing a house.

Speaking at the MBA secondary conference, CFPB Director Rohit Chopra pushed back against the argument that credit reporting fees are distinct from junk fees. He said the term junk fee extends to fees that lack competition in the market.

The loan officers are accused of defrauding banks and the nonbank lender they worked for by falsifying borrowers’ occupancy status on mortgage applications.

Mark McArdle, assistant director of mortgage markets at the CFPB, discussed some of the bureau’s top priorities during a recent webinar.

Changes to the state’s Community Reinvestment Act would further protect against discriminatory appraisals, according to the CFPB.

Many of the problematic provisions in UWM’s employment contracts are common in the mortgage industry.