Officials, who were authorized to speak on background only, said the CFPB is working to preserve streamlined modifications and enhance consumer protections against behaviors like dual tracking.

The changes could address some of the issues that prompted bank failures earlier this year.

The Federal Housing Finance Agency proposed codifying the new equitable housing finance plans of Fannie Mae and Freddie Mac.

HUD requires FHA servicers to conduct a “face-to-face” meeting or make a reasonable effort to do so before foreclosing.

Ed DeMarco, president of the Housing Policy Council, said that while claiming to codify existing FHFA practice, the proposal “does not address FHFA’s practices related to fair housing and fair lending enforcement.”

The CFPB has been increasing its expertise in data science and analytics so that it can spot fair lending violations throughout the lending process.

The CFPB settled with ACI Worldwide and subsidiary ACI Payments over 1.4 million illegal mortgage payment withdrawals.

The proposed standards would create uniform requirements for mortgage companies licensed through the NMLS.

Currently, FHFA plans to modernize credit score usage by Fannie Mae and Freddie Mac in two phases, with full implementation scheduled for the fourth quarter of 2025.

The SEC is still working to establish a rule required by the Dodd-Frank Act to address conflicts of interest in the securitization market.