A consumer advisory board meeting convened this week by the CFPB included an emphasis on issues in the mortgage market.

Goldman markets a new jumbo loan, Fannie releases results of a non-performing loan sale, Sachem's revenue grows in the first quarter and UWM's CEO downplays pricing initiatives.

The new complaint against the NCSLT builds on a recent court ruling affirming that the CFPB has regulatory powers over ABS trusts.

The state’s final CRA standards have some “problematic elements,” which the MBA said it had highlighted during the comment period.

UWM returned to a positive net income during the first quarter of 2024.

Credit reporting issues took the top spot for consumer complaints submitted in the first quarter.

States that have adopted the new standards effectively cover 98% of the nonbank servicing market by loan count.

Consumer complaints submitted to the CFPB rose sharply in the first quarter of 2024, driven by issues with credit reports. (Includes two data tables.)

The CFPB’s latest push on mortgage servicing fees could be the start of more to come, according to industry attorneys.

New standards for nonbank mortgage servicers will go into effect in Iowa on July 1. While only a handful of states have adopted the CSBS model standards, substantially all large nonbank servicers are covered.