Republicans also will try to subject the CFPB’s budget to the congressional appropriations process.

Meanwhile, the FOMC indicated it will continue to reinvest principal payments from its holdings of agency debt and MBS.

The data to be reported under the CFPB’s proposal likely will inflame the current fair lending regulatory environment.

Compared to two years ago, staffing levels at the CFPB have increased a whopping 55 percent. Of course, Congress has no say over the agency’s budget.

But is DocMagic president and CEO Dominic Iannitti done buying? Stay tuned…

Industry advisor Joe Garrett said in a client note he knows of a lender that had its pre-approval letter scrutinized by the CFPB.

The pending AMC and AVM rules are designed to protect against the manipulation of data and much more.

The MBA’s legal counsel tried to begin by focusing on the dividing line between interpretative rules and legislative rules, but soon found herself having to defend the trade group’s support for the DOL’s original 2006 position.

A new poll from IMFnews and Inside Mortgage Finance suggests that lenders are hardly optimistic that the R&W changes will amount to anything.

However, the rule is not clear on how many times this could occur over the life of the mortgage.