The pilot is limited to certain states and will only be offered through approved pilot lenders.

The CFPB reiterated that Regulation Z prohibits mortgages for principal dwellings from including “terms requiring arbitration or any other nonjudicial procedure as the method for resolving any controversy or settling claims arising out of the transaction.”

"Companies that are putting bad information on those reports, there needs to be some accountability for them and the ones who are assembling these reports," said CFPB director Rohit Chopra.

Housing affordability ranked as more important for voters in the 2024 presidential election than abortion rights or student debt, according to a survey commissioned by Redfin.

The California-based nonbank ranks 17th among home funders and 18th among owners of mortgage servicing rights.

Wells Fargo's loan repurchase/indemnification volume totaled $118.0 million in 1Q24 and was the largest in the nation among depositories...

As MBA recently noted, personnel expenses tied to loan production declined in the first quarter...

A number of banks reduced their jumbo originations in early 2024 and nonbanks aren't fully picking up the slack.

Lenders are happy the CFPB is scrutinizing certain fees while harboring some concerns about the CFPB's motives.

To date, nonbank lender/servicers that play in the conventional/government arena have had mixed success in capitalizing on using REITs that sell shares to the public.