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Home » Topics » IMFnews » Regulatory

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Mortgage Complaints to CFPB Decline in 2024

January 23, 2025
Shannon Clark
Consumers submitted 21,173 mortgage-related complaints to the CFPB last year, the lowest number since the bureau opened its door.
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Short Takes: Chopra Still Leading CFPB / Foreclosure Starts Spike / Newfi Invests in Business-Purpose Lender / Jumbo MBS From Citi / Expanded-Credit MBS Holding Up

January 23, 2025
Brandon Ivey
Trump is widely expected to replace Rohit Chopra at the CFPB, but that hasn't happened yet.
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State Regulators Plan Continued Focus on Nonbank Servicers

January 22, 2025
Shannon Clark
Conference of State Bank Supervisors CEO Brandon Milhorn provided a look at state regulators' priorities.
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Trump Issues Housing Directive, Regulatory Review

January 21, 2025
Brandon Ivey
Trump directed federal agencies to identify ways to lower the cost of housing and expand housing supply.
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Short Takes: One Last Mortgage Enforcement Action From Chopra’s CFPB / Big Banks Offer Relief in CA / Escrow Confusion / Mortgage-Related Income Down at DR Horton

January 21, 2025
Brandon Ivey
Draper & Kramer will be prohibited from residential mortgage lending activities for five years, though the CFPB noted that Draper & Kramer wound down its operations last year.
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Trump Nominates Bill Pulte for FHFA Director

January 17, 2025
Dennis Hollier
The president-elect said Bill Pulte will help “restore the American Dream for all.”
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MBS Investor Reaction a Major Factor in GSE Reform

January 17, 2025
Dennis Hollier
It would take Congressional action to create an explicit guarantee, a scenario almost no one expects to happen.
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CFPB Argues Home Equity Investments Are Subject to TILA

January 16, 2025
Shannon Clark
The regulator said in an amicus brief Wednesday that home equity investments can be considered credit and subject to Truth in Lending Act requirements.
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Short Takes: Chase Expects Small Hit From CA Wildfires / HUD Withdraws Affirmatively Furthering Fair Housing Proposal / Non-Agency MBS Flowing / Debt Offering From Redwood

January 16, 2025
Brandon Ivey
Chase expects a limited financial impact on its business from the LA-area wildfires.
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HUD, PHH Settle on Servicing Convenience Fees

January 14, 2025
Monica Hogan
HUD alleged PHH charged convenience fees in violation of FHA requirements.
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