The Federal Reserve responds to industry criticism by back-pedalling on some of the more aggressive capital requirements in the proposal.

A new requirement to extend language access for home borrowers within the CFPB's proposal to update Regulation X's mortgage servicing requirements will actually do the opposite, according to a joint comment letter submitted on the proposal.

After issuing a final rule on open banking, the CFPB plans a follow-on rule for open banking with mortgages.

CBO suggested the government would assume all the risk and sell insurance coverage directly to households for wildfires.

Analysts predict that a rate cut later this month could be as high as 50 basis points.

The Consumer Federation of America said buyers using FHA loans often face stigma when buying a home and cannot use many competitive strategies that are common to conventional and cash buyers.

The Mortgage Action Alliance issued a call to action to support H.R. 3507, the Yes in My Backyard Act.

A new rule is expected from the bureau in the coming months that will require businesses under the CFPB's jurisdiction to allow consumers to speak with a human service representative at the click of one button.

MBA urged the CFPB to immediately provide written guidance on the matter, noting the final rule takes effect Sept. 16.

UI wants government regulators to adopt such ideas as allowing nonbanks to join the FHLB system.