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Home » Topics » IMFnews » Regulatory

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CFPB Analysis Cites Concerns With Reverse Mortgage Ads

September 14, 2023
Monica Hogan
The CFPB examined direct mail ads for reverse mortgages.
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Short Takes: Chase Stocks Jumbos in MBS / Approvals in 5 Minutes / Share of ‘Overvalued’ Homes Declining / New Advisory Committee at FHFA

September 14, 2023
Brandon Ivey
Chase originated all of the mortgages in its latest jumbo MBS.
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Trade Groups Seek More Details, Delay on Capital Proposal

September 13, 2023
Brandon Ivey
Banking trade groups also called for a re-proposal or a new 120-day comment period.
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Shift to Bi-Merge Score Model Might Not Be Dramatic

September 13, 2023
Dennis Hollier
Kroll Bond Rating Agency looked at about 220,000 loans to more than 300,000 borrowers to assess the impact of going from tri-merge credit scoring to bi-merge.
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Short Takes: Refi Demand Down / MIAC Settles With SEC / Fannie Selling Reperforming Loans / Goldman’s Stake in Better / Lender M&A

September 13, 2023
Brandon Ivey and Paul Muolo
Demand for refis fell to a level seen at the beginning of the year...
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FHFA Extends Timeline for GSE Credit Scoring Change

September 12, 2023
Brandon Ivey
The shift from a tri-merge credit report process to a bi-merge standard will take longer than initially planned.
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Short Takes: Chopra Concerned About CFPB’s Future / MSRs for Sale / AI Summit / PacWest’s CRT Upgraded

September 12, 2023
Brandon Ivey and Paul Muolo
Uncertainty for the CFPB and the mortgage industry ahead of a Supreme Court case...
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Credit Repair Firms Touting Mortgage Offerings Settle With CFPB

September 7, 2023
Sam Manas
One of Progrexion Marketing’s affiliates falsely advertised that it “guarantee[d] anyone a 0% to 3.5% down home loan no matter how bad their credit is when we start!”
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Ishbia: FHFA Will Have to Get Involved on GSE Buybacks

September 6, 2023
Brandon Ivey
“FHFA is going to have to step in again, because it’s becoming a big issue,” said Mat Ishbia, president and CEO of United Wholesale Mortgage.
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Mixed Feelings on CFPB Oversight of Data Brokers

September 6, 2023
Sam Manas
Expanding the Fair Credit Reporting Act’s dispute and accuracy requirements to a broadened definition of credit reporting agency could lead some industries to stop reporting or furnishing consumer credit data, according to Dan Smith, newly appointed president and CEO of the Consumer Data Industry Association.
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