A judge allowed the CFPB to withdraw its amicus brief to the extent the brief discusses now-withdrawn advisory guidance but denied the bureau’s request to strike the brief from the docket.
Rising home prices and property insurance premiums, elevated interest rates and other factors are placing financial burdens on homeowners and limiting homeownership opportunities.
At a hearing in the House, Powell reiterated that the Fed is waiting to see developments in tariff policies and the employment market before deciding whether to cut rates.
The Mortgage Bankers Association and the American Bankers Association separately called for the CFPB to keep an anti-evasion exception established during the pandemic to help facilitate loan modifications.