This is what can happen when a federal agency is taken over by someone who once called it a “sick, sad joke.” Consumer Financial Protection Bureau Acting Director Mick Mulvaney this week issued a semiannual report asking Congress to remake the agency and require that major CFPB rules be approved by Congress.

The next and final RFI from the CFPB will address consumer inquiries…

Stone Point Capital has acquired a controlling stake in due diligence provider American Mortgage Consultants.

Mortgage lenders that have received civil investigative demands from the CFPB have complained the process can be trying…

The FHFA’s Office of General Counsel will review all of the comments and report findings...

Such firms would then be eligible for what he called “concierge services” from the agency.

A subsidiary of Annaly Capital Management plans to issue a non-agency mortgage-backed security with a mix of seasoned mortgages...

The authors noted that appraisals associated with management companies may be more prone to contract price confirmation and super-overvaluation.

In his preamble to the Congressional report, Mulvaney sums it up best, saying "many” members of Congress “disagree with my actions as Acting Director…”

Cowen & Co. recently updated its forecast on GSE reform passing this year, slashing the odds to just 10 percent.