Some mortgage borrowers are “being caught in a customer service doom loop,” according to the CFPB.

The Supreme Court’s decision effectively grants the CFPB authority over the ABS market.

The Mortgage Bankers Association noted some notices of violation sent by HUD’s Mortgagee Review Board seek civil monetary penalties for violations of the National Housing Act, and others mention other administrative actions.

Chris Willis, a partner at the law firm of Troutman Pepper, said the rule is “complex” and has caused a lot of “confusion and misunderstanding.”

Fannie Mae economists forecast “no meaningful decline ” in the 10-year Treasury rate in 2025.

The re-proposal elicited just three comments, unlike the flood unleashed by the initial proposal.

Bottom line: The court-approved change is causing confusion for both buyers and sellers.

The California Democrat vows to fight to maintain consumer protections.

Opposition from Rep. Patrick McHenry, R-NC, stalled legislation this year that would limit trigger leads.

The proposed rule will ensure protections from the Fair Credit Reporting Act apply to sensitive information, including information sold by data brokers.