Between July and September, the bureau entered into consent orders with eight VA lenders over deceptive marketing practices. Overall, the CFPB assessed $2.8 million in civil penalties but provided no restitution to harmed consumers.

The shares are slated to begin trading on the NYSE under the symbol HOMS next Thursday, Oct. 29. The lead book runner on the IPO is Credit Suisse.

During the comment process, industry groups suggested the CFPB create an overlapping period of three to six months between the sunset date of the patch and the implementation of its replacement. However, the CFPB did not adopt the suggestion...

Problems still persist in informing borrowers of the duration of the initial forbearance period...

Commenting on the stubbornly high Ginnie measurement, MBA's Fratantoni noted it shows that recovery is not uniform “and that many are still struggling to gain their footing.”

The proposed rule defines a new activity as any new business line, business practice, or service that the GSEs offer to the market.

Might GSE seller/servicers see changes in LLPAs during the coming months? Stay tuned... 

Ocwen, which has a checkered past when it comes to servicing-related allegations, entered into the consent order without admitting liability.

When it comes to going public, Freedom Mortgage CEO Stan Middleman said "it depends on your investment horizon and on your personal situation.”

Most loans are removed from Ginnie pools because the borrower paid off the loan. Then there's the matter of EBOs...