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CFPB Suit Against Rocket Almost Dead-on-Arrival?

December 30, 2024
Paul Muolo
Current CFPB Director Rohit Chopra is expected to be removed from his post on Jan. 20 when the new Trump White House begins...
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CFPB Wants to Bring Data Brokers Under the FCRA

December 30, 2024
Shannon Clark
The proposal is unlikely to move forward in the Trump administration, but the draft could serve as a blueprint for state legislation.
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CFPB Goes After Rocket for Alleged Kickback Scheme

December 27, 2024
James Dohnert
The CFPB alleges that Rocket Homes provided real estate brokers incentives for steering homebuyers to Rocket Mortgage.
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MBA Calls for Clarification of FHA Rental Income Proposal

December 27, 2024
Monica Hogan
The MBA supports the new FHA proposal but wants more information on whether lenders need to keep additional reserves on hand.
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FHFA Releases 2025 Scorecard, Wants More Help for FTHBs

December 23, 2024
Dennis Hollier
The new scorecard highlights modest changes in the regulator's priorities for the GSEs.
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FHFA's Housing Goals for GSEs More Lenient

December 20, 2024
Dennis Hollier
Lenders supported the regulator’s decision to lower some of the goals from the 2022-2024 rule.
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CFPB Sets ATR Requirements for PACE Loans

December 18, 2024
Shannon Clark
The final rule establishes ability-to-repay requirements for Property Assessed Clean Energy loans.
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CFPB Issues Warning on Servicing After a Divorce, Death

December 18, 2024
Brandon Ivey
Some mortgage borrowers are “being caught in a customer service doom loop,” according to the CFPB.
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SCOTUS Denies Request to Take Up CFPB ABS Lawsuit

December 17, 2024
Shannon Clark
The Supreme Court’s decision effectively grants the CFPB authority over the ABS market.
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HUD Urged to Revise Effort on Servicing Convenience Fees

December 17, 2024
Monica Hogan
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.
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