The CFPB fined Bank of America $12 million for claiming mortgage applicants chose not to provide race, ethnicity and sex data when in reality applicants hadn't been asked about it.

According to an Inside the CFPB analysis of CFPB Director Rohit Chopra’s executive calendar, he spent slightly more time with industry representatives than with consumer advocates in the first half of 2023.

The rule aims to prevent issues involving securitization seen in the run-up to the financial crisis of 2008.

Mortgage insurance linked notes will be exempt from a rule the SEC issued Monday on conflicts of interest in securitizations.

The pilot was prompted by a request from the Independent Community Bankers of America.

Several commenters argued that any capital requirement on commingled securities might interfere with the fungibility of the uniform mortgage-backed security.

HUD's IG questioned whether Ginnie could relocate a troubled MBS portfolio from one issuer to another if the first is facing financial or operational challenges.

Companies’ boards and senior management need to “recognize the inherent risk of the HMDA process” and provide human and capital resources to it, according to the Fed.

It was originally thought that publicity generated by the consent order would cause at least some of Cenlar’s subservicing clients to switch vendors. But so far, that hasn’t happened.

Complaints submitted to the CFPB increased by 8.7% on a quarterly basis.