The CFPB is hiring for the technical implementation of the project, and vendors are introducing compliance products.

Rep. Maxine Waters, D-CA, introduced a bill this month to vastly expand how much data financial institutions report to receive their Community Reinvestment Act ratings. The bill would mandate negative rating credit for any known discriminatory behavior.

CFPB ending compliance assistance sandbox, no-action letters; 2021 new HMDA analysis; All American Check Cashing settlement falls through; CFPB redressing over 8,000 consumers in debt collection case; CFPB, FTC reaffirm strong FCRA furnishing requirements; FTC, California’s DFPI enforce against alleged mortgage relief scam.

Sellers repurchased 20.3% more GSE loans in 2Q22 than in the prior quarter.

The California-based mortgage servicer also exited correspondent lending.

Rising interest rates continue to drag on housing and economic growth.

Industry groups say Fannie’s 15-bp fee on broker-originated loans flies in the face of the level playing field for the mortgage business.

Progress has been made on modernization and simplification of the various sections of MISMO’s uniform mortgage data program.

Fannie, Freddie, the FHFA and the OIG try to wrap their heads around the risk and rewards of artificial intelligence and machine learning.

Beginning in November, Freddie’s weekly mortgage rate results will be based on the applications submitted from thousands of mortgage lenders around the country.