Rocket CEO Varun Krishna believes artificial intelligence will drastically help the lender boost originations.

New research shows, in some instances, lenders passed on to borrowers as much as 120% of the cost of the fee, which ended in July 2021.

FHA is increasing the maximum loan limits for Title I manufactured housing to 15% above the average home price based on Census data for each given type of loan.

David Bunton, who has been serving as president of the Appraisal Foundation for more than 33 years, was recently thoroughly questioned by CFPB Director Rohit Chopra regarding transparency, conflict of interest and selection of his successor. Bunton is set to retire this year.

The American Bankers Association in a series of letters to the CFPB and other federal regulators raised concerns over “characterizing as guidance what is in practice a legislative rule” that is required to go through a formal notice-and-comment rulemaking.

Richard Horn, a partner at the law firm of Garris Horn, said a huge barrier to participating in this program is whether software exists to populate forms in the manner described in the template.

The statement on principles relates to the examination of lenders’ residential property appraisal and evaluation practices. Federal regulators believe it will help lenders mitigate risks due to potential discrimination or bias in appraisal practices and to promote credible valuations.

The update, the first in nine years, broadens the pool of CFPB officials eligible to evaluate appeals, the options for resolving appeals and the matters subject to appeals.

Providers of earned wage access products are seeking federal oversight in an effort to avoid a patchwork of state requirements.

The CFPB survey found that large credit card issuers offered worse interest rates than smaller issuers across credit score buckets.