The CFPB said mortgage lenders can ask the agency "important" interpretation questions on the many rules that it finalized this year.

President Obama, during his State of the Union address, urged Congress to get the HARP 3.0 refinancing program off the ground.

Is PennyMac Financial Services, which just filed for an IPO, really part of PNC?

The CFPB has warned the mortgage banking industry that it should pay close attention to loss mitigation work when servicing rights are transferred.

FHA single-family production rose 22.3 percent in 2012, but another increase in the mortgage insurance premiums will likely accelerate the program’s three-year decline in market share.

The Federal Housing Finance Agency this week killed a plan being heavily promoted by Fannie Mae to reduce force-placed insurance rates.

CFPB Director to Testify Before Senate Panel. CFPB Director Richard Cordray is among a number of federal financial regulators scheduled to testify the morning of Thursday, Feb. 14, 2013, before the Senate Banking, Housing and Urban Affairs Committee on the subject, “Wall Street Reform: Oversight of Financial Stability and Consumer and Investor Protections.” This will be Cordray’s first appearance before Congress since the Canning v. National Labor Relations Board decision was issued by the D.C. Circuit Court of Appeals. FHA Chief to...

CFPB Warns Servicers to Protect Borrowers When Transferring Servicing. As Inside the CFPB went to press, the bureau issued a bulletin reminding mortgage servicers about their legal obligations to protect borrowers during transfers of mortgage servicing between firms. Through public feedback and its supervision activities, the CFPB said it has noted a significant number of servicing complications stemming from the large amount of servicing transfers that have taken place in the last year. In a number of instances...

In light of the proposed guidance issued by the CFPB and the rest of the Federal Financial Institutions Examination Council on social media contacts by banks, savings associations, credit unions and nonbank entities, Lenders Compliance Group highlighted a number of important issues market participants should take into consideration, including key policies and procedures. “When you think of advertising, do you include social media? These days, most of you do,” LCG said in a recent analysis. “However, social media...

Providers of financial products to college students are going under the CFPB’s magnifying glass. The bureau has begun an inquiry into the effect of financial products marketed to students through colleges and universities in an attempt to determine if such arrangements are in the best interest of students. Products being scrutinized include bundled or co-branded student identification cards that double as debit cards, cards used to access scholarships and student loans, and school-affiliated bank accounts. In its notice and request for...