Beginning Sept. 1, FHA lenders can submit appraisal reports and updates for FHA Single-Family Title II forward mortgages on the platform.

The underlying pool includes prime unsecured consumer loans from Lend-ingClub that were selected using machine learning.

The new regulatory category would allow non-QMs to obtain QM status as long as they meet certain performance requirements and other standards during the first three years after origination.

Mortgage firms in California may face expanded scrutiny over unfair, deceptive and abusive practices, if the proposal passes through.

Fair lending and pandemic-related enforcement could become enforcement focal points. Penalties for wrongdoings, on the other hand, could be lower.

Mortgage industry groups want a transition period between the expiration of the GSE “patch” and the implementation of a revised general QM definition to minimize market disruption.

Brian Johnson, who was deputy director of the CFPB until recently, has called on the agency to rescind a 2015 bulletin that essentially killed marketing services agreements.

While Republicans and Democrats continue to bicker over a second COVID relief package, industry groups warned that further halting of negative credit reporting may be disruptive to the market.

As many COVID-19-related loan forbearance plans near their end, financial regulators are asking mortgage servicers to provide additional relief.

The purpose of the CFPB’s prioritized assessments is not to find violations, but to assess risks and to have a supervisory dialogue with the institution, according to bureau officials.