The Structured Finance Association warned the CFPB's servicing proposal would decrease the value of mortgage servicing rights, leading to a substantial negative impact on the secondary mortgage market.

The Structured Finance Association warned that if servicers incur uncompensated expenses for a lengthy period it would decrease the value of mortgage servicing rights.

The trade groups claim the Third Circuit ruling relied on an “artificial” interpretation of CFPA’s definition of a covered person.

The presidential candidates have vastly different priorities when it comes to addressing the nation’s housing policies.

Mortgage fraud activity is expected to increase as interest rates come down, according to Sean Sowards, a senior director at Fannie Mae.

The affordable housing crisis is linked to a lack of housing supply, MBA panelists said.

A proposal suggested by Rohit Chopra, director of the CFPB, could be difficult to implement in the mortgage market.

The Conference of State Bank Supervisors urged the bureau to consult with individual states regarding their loss-mitigation requirements to ensure proposed changes don’t incorrectly preempt state protections.

With the bureau’s Section 1033 rule expected to be finished shortly, the regulator is interested in issuing additional rules on open banking, with one potentially focused on mortgages.

A coalition of mortgage industry trade groups expressed concerns about the proposal. And trade groups representing servicers sounded more alarms in their individual comments to the CFPB.