Compass Point Research told clients that the case not only directly affects mortgage originators, but has implications for other lending sectors as well.

After hearing from the industry, the CFPB determined that the short turnaround could pose challenges for lenders that allow consumers to lock rates late in the day or after business hours.

“The bureau welcomes and encourages suggestions of cases as candidates for amicus curiae participation,” said the letter, signed by Meredith Fuchs, general counsel of the CFPB.

Marc Savitt, president of the National Association of Independent Housing Professionals, pointed to a flaw in the beta version of Rate Checker: it doesn't show the annual percentage rate.

The positive performance, a drop of 14.5 percent, is most likely due to the continued recovery in the overall economy as well as the housing market.

The CFPB found that 70 percent of mortgage customers rely on their lender or broker to obtain loan pricing information.

Despite Cordray's proclamation, loan production fell by 35 percent last year, but all that was tied to refis plunging. Right?...

Elsewhere, Batkins projects compliance with all of the CFPB's 2014 regulations to cost the financial services industry $2.1 billion.

The category of “incorrect information” continues to make up the lion’s share of the complaints, ICFPB found.

FIG Partners will now buy or sell performing and non-performing residential mortgages and much more.