At the very least, the MBA wants a timeframe from the regulators…

But the bailout calculations – mandated under the Dodd-Frank Act Stress Tests – were not done by the FHFA.

The revised definition excludes from points and fees any compensation included in the interest rate and for which the consumer was separately charged.

Earlier this year, Treasury Secretary Steven Mnuchin told the Senate Banking Committee he has the authority to restructure Fannie and Freddie without any change in law.

Anthony Hsieh of loanDepot: “Relax everyone. Competition is good."

The Treasury report acknowledges concerns from the appraisal industry but touts the benefits of using the waivers…

Wells Fargo: “As a result of this error, approximately 625 customers were incorrectly denied a loan modification..."

As of Monday morning, none of the parties involved – FHFA, the FHFA IG, and the Council – were commenting to IMFnews. Nor were they denying the existence of an investigation.

The CFPB has been accelerating its enforcement actions in the past two months, and attorneys said Acting CFPB Director Mick Mulvaney is now defending the bureau’s enforcement power, with a new strategy and focus. “The enforcement actions are being announced more frequently now,” said Allen Denson, partner at Hudson Cook. “I expect the steady clip of settlements we’ve seen over the last two months to continue.” After Mulvaney took the reins at the ...

Kathy Kraninger, President Trump’s nominee to be the next CFPB director, last week responded to questions sent by Democrat members of the Senate Committee on Banking, Housing, and Urban Affairs. The questions followed on the heels of a confirmation hearing earlier in July where Democrats accused the nominee of stonewalling. The Democratic lawmakers sent three lists of questions, over 10 pages, covering issues ranging from the nominee’s day-to-day job ...