Much of the conversation over the past few weeks following the election of Joe Biden to the White House has focused on the bureau’s mortgage-related actions.

The CFPB’s latest financial report reveals a 9.4% increase in the agency’s spending in fiscal year 2020 driven by a 5.2% growth in its workforce.

Some 279,000 mortgage borrowers who were current before the pandemic struck are now delinquent but not in forbearance, according to the CFPB.

Mortgage attorneys are warning lenders that the loan originator compensation rule is fast becoming a hotbed for CFPB enforcement actions.

The changes under the final debt collection rule, such as call frequency limitations, will impact the operation of certain mortgage servicers who are now deemed FDCPA debt collectors.

Mortgage trade groups are asking the CFPB to expressly permit servicers, in the case of escrow shortage, to include a lump-sum repayment option in account statements.

One of Seila Law’s arguments was that the CID cannot be ratified because the applicable three-year statute of limitations had expired. The court, however, said the time bar only applies to lawsuits.

For 2021, the appraisal exemption threshold for higher-priced mortgages remains unchanged at $27,200, according to a joint announcement by the CFPB, the Federal Reserve Board and the OCC.

The CFPB halts reorganization of its supervision, enforcement and fair lending division; the bureau refuses to rescind a policy regarding credit reporting agencies.