A California district court upheld a plaintiff’s California Consumer Privacy Act claim against PHH Mortgage for sharing his personal information without his consent.

Industry trade groups representing banks asked the CFPB to reduce burdens associated with a survey tracking terms of credit card plans.

CFPB moves Section 1071 proposal forward; CFPB is looking to hire attorneys; FDIC appoints former CFPB official; DOJ dismissing reverse redlining lawsuit.

The Federal Home Loan Bank trade group supports President Trump’s executive order on improving access to mortgage credit.

Fannie Mae belatedly joined Freddie Mac in establishing ground rules for seller/servicers that deploy or manage artificial intelligence or machine learning tools while doing business with the enterprise.

Fannie Mae extended duration by shifting from short- to long-term debt, but allowed overall debt to grow. Freddie de-levered by cutting short-term debt without adding to long-term debt.

Since 2016, when the duty-to-serve rule compelled the GSEs to make it easier to buy homes in rural census tracts, home prices have remained mostly stable and rents have declined.

Servicers will now have some leeway in how they execute flex loan modifications.

The move will increase the size of eligible loans and the number of units allowed, but stiffer qualification requirements may alienate smaller landlords.

Trump budget ignores GSE reform; Morningstar DBRS affirms AAA ratings on GSEs; Vice Capital an early adopter of new low loan balance payment categories; Fannie to simplify income eligibility calculations for some LLPA waivers.