More data = more scrutiny?

Mat Ishbia, CEO of UWM, noted: “We finished the first quarter with [loan production] of about $17.56 billion, more than double what we did in 1Q1 2018…”

All of the mortgages were originated by Chase, predominantly through the correspondent channel...

Retail-originated loans accounted for 47.0% of first-quarter agency business, the lowest share since loan-level MBS data became available in 2013…

Senators Seek Data on CFPB Oversight of Student Loan Servicers; House Financial Services Committee Approves Waters’ CFPB Bill; Utah Creates a Regulatory Sandbox for Fintech Firms; CFPB Settles with Online Lead Aggregator.

Recent moves by federal regulators and lawmakers signal increasing scrutiny over online platforms for housing discrimination.

In May of last year, then acting Director Mick Mulvaney threatened to end public access to the CFPB’s consumer complaint database, calling it “a Yelp run by the federal government.” He issued two requests for information about complaint reporting and handling processes.But it’s been nearly a year since then, and the bureau still hasn’t decided what it should do with the complaint database.

A recent Government Accountability Office report suggests the CFPB prioritize data security when examining credit reporting agencies.

The Office of Inspector General for the CFPB in a new report revealed that the bureau inadvertently scheduled examinations of non-banks that were outside its supervisory jurisdiction, burdening the firms and wasting the agency’s resources.

The public release of the significantly expanded loan-level data reported by lenders has sparked fear among industry participants of increased scrutiny from regulators and public interest groups.