Some trade groups urged the Supreme Court to pursue a narrow remedy if the CFPB’s structure is found unconstitutional, in order to prevent market disruption.
The measure comes at a time of sinking fortunes for reverse mortgage originators: HECM production totaled $8.4 billion through the first nine months of 2019, a steep 27.8% drop from the comparable period a year earlier...
In 2018, first lien originations totaled $1.63 trillion. For 2020, $1.9 trillion to $2.0 trillion seems like a reasonable number. The key, as always, will be interest rates…
In September, the CFPB issued a compliance assistance policy, signaling its intent to propose an interpretive letter program “as soon as practicable,” given significant interest from stakeholders…
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