“We’ve heard recently that CFPB Director Richard Cordray expects to continue to use enforcement actions to shape policy,” said attorney Kris Kully.

Total gripes to the bureau slid 5.0 percent in the first quarter and were off 3.0 percent on an annual basis...

The consultant has seen compliance costs rise, but without a commensurate cut in LO commissions...

FHFA chief Mel Watt is expected to issue a final decree this month…

This so-called agency “patch” was set up to last for seven years, or until 2021...

Citadel's pipeline is at roughly $150 million.

By imposing a one-size-fits-all mechanical underwriting system for mortgages, the QM rule has deprived community banks of a significant competitive advantage over megabanks, he argued…

Give the CFPB even more power? The GOP likely would not stand for such a thing...

Of course, just because five industry vets have issued a white paper, that doesn’t mean it can readily yield into legislation.

In a follow-up development to earlier reports of the demise of W.J. Bradley Mortgage as a result of the CFPB’s integrated disclosure rule, affiliated newsletter IMFnews reported last week that at least $20 million worth of jumbo loans originally funded by the lender have hit the TRID “scratch-and-dent” market, citing an investor who plays in the space. The loans were offered by Texas Capital Bank, which several sources have identified as a key warehouse lender to WJB, a now defunct privately held non-depository. Early reports on the company’s voluntary closure suggest that TRID errors on non-agency mortgages played a key role in the firm’s demise. Sources contend that a few months back WJB tried to sell at least $30 million ...