Mortgage Bankers Association's President and CEO Robert Broeksmit said regulations have pushed banks out of the mortgage sector and could do the same to nonbanks if regulators aren’t careful.

The American Financial Services Association defended its members following a report from the Center for Responsible Lending that criticized “high-cost installment loans.”

The CFPB alleges Active Network, used by community groups to plan events, tricked consumers into signing up for annual memberships by manipulating them.

The Mortgage Bankers Association, alongside national bank trade groups and local mortgage industry groups, sent a comment letter to a DC councilmember requesting the bill be shelved.

In a recent RFI, the CFPB suggested that the development of automatic mortgage refinances could help borrowers.

The request for information drew responses from a handful of labor unions and employer trade groups from a variety of industries.

CSBS names new policy and supervision chief; CFPB studies student banking; bureau sues remittances firm; DOJ settles discrimination claims with bank; Regulation F MVNs are optional; bureau states clearly false data don’t belong on credit reports.

The top buyer of bulk MSRs through the first nine months of 2022: Freedom Mortgage...

In the third quarter, FoA funded an estimated $2.6 billion of mortgages, 66.7% of it through retail means.

Flagstar accounted for most of the gain by mid-size banks, with its GSE MSR portfolio increasing a hefty $24 billion...