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Inside the CFPB
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Mortgage Complaints Fell by Double Digits in 2018

January 28, 2019
Mortgage-related consumer complaints filed with the CFPB dropped 21.5 percent last year to a mere 23,991 — the lowest number since the agency opened its door, according to a new analysis by Inside the CFPB. [Includes two data charts.]
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CFPB Likely to Scrap ATR Portion of the Payday Rule

January 28, 2019
The critical ability-to-repay provision related to the 2017 payday lending rule is likely to be scrapped by the CFPB, industry attorneys observed.
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Waters to Target Mulvaney, Probe Credit Reporting

January 28, 2019
The House Financial Services Committee will target White House acting Chief of Staff Mick Mulvaney over his previous role as the interim head of the CFPB, said Maxine Waters, chairwoman of the HFSC, one of the most powerful House committees.
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Short Takes: Mr. Cooper Cuts Jobs in California / Blackstone’s Finance of America Unit Will Close Roseville Office / loanDepot Courting Wells Fargo LOs? / Freshman Socialist Will Sit on the HFSC / A New Hire for Nations Lending

January 16, 2019
Paul Muolo
Socialist Rep. Alexandria Ocasio-Cortez, D-NY, will sit on the House Financial Services Committee, which oversees banking, mortgages, as well as Fannie Mae and Freddie Mac.
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Ginnie Mae Postpones Annual Summit, Citing Government Shutdown

January 16, 2019
Paul Muolo
Scheduled speakers included Housing and Urban Development Secretary Ben Carson, Kasper and Edward DeMarco, former acting Director of the Federal Housing Finance Agency.
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Short Takes: Worrying About What Mark Calabria Might Do / Ever Seated? / A Price War Brewing in Non-QM? / Tim Anderson’s Blockchain Job / Freddie Gets a New General Counsel

January 15, 2019
Paul Muolo and Dennis Hollier
We understand a bit of a price war may be brewing in the non-QM market...
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Consumer Complaints Up 3.8 Percent in 2018. Mortgage Gripes Tank

January 15, 2019
Yemeng Yang
Companies with the most gripes filed against them were the three major credit reporting bureaus: Equifax, Experian and TransUnion...
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In 2019, CFPB to Enforce the Law, Encourage Innovation

January 14, 2019
In a New Year’s message, Director Kathy Kraninger said the CFPB will “vigorously enforce the law” and encourage market innovation.
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Other News in Brief

January 14, 2019
CFPB Receives Funding for Second Quarter of Fiscal 2019; CFPB Issues 2018 Annual Employee Survey; Mortgage Servicing Rules Apply to Servicers Only: Court Ruling.
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Consumer Complaints Down in 4Q18, But Up Last Year

January 14, 2019
Consumer complaints across major categories saw double-digit declines in the fourth quarter, according to a new analysis by Inside the CFPB. [Includes one data chart.]
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