An inspector general identified counterparty risk related to protecting FHA’s Mutual Mortgage Insurance Fund as one of HUD’s top management challenges for 2024.
The Mortgage Bankers Association is asking VA to release a detailed plan for how servicers will be reimbursed if they participate in VA’s call for a six-month pause on foreclosures for struggling veteran borrowers.
Asked about whether the Consumer Financial Protection Bureau could take further regulatory actions on trigger leads, Director Rohit Chopra indicated its authority over them was "somewhat limited."
The CFPB fined Bank of America $12 million for claiming mortgage applicants chose not to provide race, ethnicity and sex data when in reality applicants hadn't been asked about it.
According to an Inside the CFPB analysis of CFPB Director Rohit Chopra’s executive calendar, he spent slightly more time with industry representatives than with consumer advocates in the first half of 2023.