Nevada last month became the second state to adopt a model act that creates specific safe harbors for common mortgage modifications.

CFPB files lawsuit against fintech; CFPB ends investigation into buy now, pay later lender; Caliber enters into $2.3 million settlement.

It’s not yet clear exactly when the Homebuyers Privacy Protection Act will take effect, but mortgage industry experts say loan officers should already be changing their marketing practices.

The bureau wants to know the optimal approach to the assessment of fees to defray the costs incurred responding to a customer-driven request.

Interest in HEIs for student loan repayment will likely continue to grow given dwindling deferment options.

Commercial MBS servicers are utilizing appraisal reduction amounts and nonrecoverable advance determinations more often as servicer advances increase.

Even though an appeals court lifted the block preventing mass layoffs at the CFPB, a drastic reduction-in-force may not happen immediately, attorneys said.

The American Bankers Association noted that while the 1995 CRA framework isn’t perfect, it’s more workable than the final rule issued in 2023.

Caliber Home Loans, which was acquired by Newrez in 2021, has agreed to a settlement to resolve allegations of overcharging borrowers.

Servicing was the only mortgage category to see a quarterly drop in complaints.