Changes to the examination manual were made to align with an executive order from President Trump.

Select Portfolio Servicing allegedly charged borrowers up to $15 in fees to make a mortgage payment online or by phone when its actual cost of processing was less than 50 cents per transaction.

While the state has traditionally viewed mortgage foreclosures to be subject to a 10-year statute of limitations, mortgage borrowers are challenging that viewpoint.

The trade group said a federal standard that preempts state data privacy laws would set clearer expectations for the industry.

A new law in California aims to simplify mortgage matters following the divorce of borrowers; CFPB officially releases its regulatory agenda; final rule creating quality control standards for automated valuation models to take effect next month; a Kentucky district court stays small business lending rule until Dec. 1.

The proposed rule would create narrower standard the bureau must abide by in order to designate nonbanks for agency supervision.

Even if the Trump administration initiates a massive reduction-in-force at the CFPB, industry attorneys believe the bureau won’t shut entirely and will still be able to do its job.

The regulatory agenda included plans to re-propose several previously issued agency rules.

The bureau is seeking input on the proper understanding of who can serve as a “representative” making a request on behalf of the consumer and the optimal approach to the assessment of fees to defray the costs incurred in responding to a customer-driven request.

The Ninth Circuit Court of Appeals vacated a lower court’s dismissal and held that Unison’s equity-sharing agreement meets the definition of a reverse mortgage under the Washington Reverse Mortgage Act.