The inspector general found fault with how the industry in general and Mr. Cooper in specific handled pandemic-era loss mitigation.

Cenlar, the big kahuna of subservicing, could be poised for explosive growth. There’s just one problem: The outsourcer is still operating under OCC-imposed limitations. But for how much longer?

CFPB Director Rohit Chopra said the mortgage market would see severe disruption if the Supreme Court finds the bureau’s funding structure unconstitutional.

The increase in usage of home equity lines of credit suggests that consumers are facing some financial difficulties, the NCUA has warned.

Pushback of proposed certification requirements and a vacant leadership role have led to a year-long blackout on new CDFI applications.

Despite their support for a standardized approach for evaluating the validity of an ROV, trade groups disagree that lenders should face fair-lending liability for the valuations made by independent appraisers.

The proposed rule would require mortgage originators to adopt policies and procedures to ensure automated valuation models protect against manipulation of data and ensure confidence in the appraisal estimates.

The trade group wants the CFPB to establish uniform disclosure requirements for transactions involving dual compensation.

The Appraisal Subcommittee’s second open meeting focused on how appraisal methods might introduce biases to the valuation process.

The MBA president castigated the government for its response to the banking crisis, particularly regulator efforts to expand their authority over nonbank sellers and servicers.