With the CFPB ceasing to defend its constitutionality, financial institutions are challenging the bureau’s enforcement actions.

Fannie and Freddie can keep more of what they earn thanks to a new Treasury/FHFA edict, but buying stock in the two companies remains a dicey proposition.

A Connecticut lender has accused a state regulator of forcing it out of business by adopting an aggressive interpretation of the LO licensing law.

A temporary waiver from appraisals for certain residential real estate transactions in North Dakota has come under fire from Democrats.

In addition to making a decision on how DTI ratios should factor into determining QM status, the CFPB is being asked to endorse an automated underwriting system for the same.

The FHFA is doing its best to make certain the expansionist tendencies of Fannie and Freddie are held in check. Also, a crackdown on g-fee “deals.”

In another about-face, the Consumer Financial Protection Bureau now agrees that its single-director leadership structure is unconstitutional.

Experts doubt the non-agency market can pick up the slack of any reduction in the GSEs’ business once the qualified mortgage “patch” expires.

Dealing with the risks in Fannie Mae’s and Freddie Mac’s portfolio is more complicated than simply reducing the footprint of the government-sponsored enterprises, FHFA Director Mark Calabria told IM&A.

The CFPB received numerous comments on its plan to adjust standards for qualified mortgages. However, industry stakeholders are divided on what steps the bureau should take.