State legislators questioned the California Mortgage Bankers Association about its efforts to ensure compliance with the state’s temporary mortgage forbearance act for wildfire victims.
The CFPB had won a $7.9 million civil money penalty against now defunct Nationwide Biweekly Administration. Separately, a Ninth Circuit panel declined to rehear a case involving national preemption.
CFPB sent an ECOA proposal to OMB for review; Vought requests CFPB funding for the third quarter of fiscal 2026; Warren sends new letter to the CFPB regarding zombie mortgages; HUD launches investigation into a Washington SPCP.
Artificial intelligence tools that are specifically designed for mortgage tasks offer more accurate results than general-purpose AI models, according to a new study.
The attorneys general said the guidance threatens to cut complaint referrals and funding to state and local fair housing agencies that provide protections that go beyond the federal Fair Housing Act.
HUD is investigating Washington State's Covenant Homeownership Program over allegations that the program violates the Fair Housing Act by imposing some eligibility restrictions based on racial descent.