The Department of Justice abolished the concept of regulation-by-guidance with last week’s repeal of 24 guidance documents issued by a variety of government agencies, including those that provide information regarding predatory lending, consumer mortgage shopping and discrimination.

Fair lending in the mortgage servicing context has become an area of regulatory interest especially when dealing with disabled borrowers and those with limited English proficiency, compliance professionals said at the recent American Bankers Association’s regulatory compliance conference in Nashville.

The U.S. Supreme Court is scheduled to hear a case that will determine whether non-judicial foreclosures are subject to protections provided by the Fair Debt Collection Practices Act. Lower courts have split on the issue, causing problems for servicers and borrowers.

The Fed report focused on the origination of FHA mortgages, which are generally more risky than loans eligible for sale to GSEs…

FHA Commissioner Brian Montgomery on risk-sharing with private MI firms: Not an immediate concern…

But there’s a catch for lenders: Originators will have to pay an additional loan-level price adjustment…

Home Point Financial, Ann Arbor, MI, said it will “transition” some of its East Coast retail branches to Northpointe Bank...

Johnson joined the bureau late last year from the House Financial Services Committee where he held the title of senior counsel.

The share of high-DTI loans has continued to go up this year…

Last fall, English was named the CFPB’s deputy director by departing Director Richard Cordray...