CFPB director Rohit Chopra said there has never been an "iota" of political motivation within CFPB investigations.

FHFA plans for board structure changes; Justice Department sues Rocket over refi discrimination; Redwood markets jumbo ARM securitization; LoanCare launches digital recapture product.

The Democrats calculate that the cost of a FICO score has increased by as much as 400% over the past two years.

“If we had a major economic downturn, I don’t know what kind of havoc we would have right now, because there’s no stability,” said Ted Tozer, a former president of Ginnie Mae.

VA issued a temporary variance to allow borrowers to pay buyer-broker charges so they could compete in the real estate market.

Fairway Independent Mortgage denied the allegations and said it determined the settlement was “the most appropriate solution.”

Treasury wants the banks to double their contributions to affordable housing programs and to use their excess retained earnings to support more housing development.

FHA issued an extensive FAQ document late last week, addressing questions about guidance with an Oct. 31 implementation date for reconsiderations of value.

Kristen Clarke, assistant attorney general in the DOJ’s civil rights division, said the settlement shows that the DOJ intends to hold “all types of lenders accountable for their role in modern-day redlining.”

No indication yet from federal regulators on when a planned re-proposal of capital requirements for large banks will be issued.