August 29, 2022

CSBS to Update Model Standards for Nonbanks

Chuck Cross of the Conference of State Bank Supervisors said the new eligibility standards jointly issued by the Federal Housing Finance Agency and Ginnie Mae for nonbank mortgage companies could spur updates to harmonize model standards for states. Read More

Industry, CFPB Spar Over FCRA Requirements

Banking trade groups contend that the Fair Credit Reporting Act shouldn’t be read to hold credit reporting agencies responsible for incorrect information if the data comes directly from a furnisher. Read More

CFPB Plan to Regulate Customer Service Draws Criticism

Banking trade groups believe the bureau’s plan to regulate customer service practices is an overreach and could drive consumer distrust in safe and sound financial institutions. Read More

Public Petition Seeks Fewer Restrictions on Mortgage Brokers

William Kidwell, a Colorado-based mortgage originator, wants the CFPB to change six rules that he believes are stacked against smaller brokerage shops. Read More

Bureau Plans to Expand Credit Card Data Collection

The CFPB is seeking feedback on its plan to revamp the process through which it collects information from credit card issuers on their products. Read More

Appeals Court Sides with Servicer in ‘Arbitrability’ Dispute

An appeals court recently held that if an agreement’s provisions delegate all disputes to an arbitrator, then claims under the Dodd-Frank Act over the agreement’s enforceability should not be considered by that arbitrator. Read More

CA Bill Requiring Equity Sales of Foreclosed Properties Shelved

The legislation would have allowed for foreclosed property auctions only after trustees carried out an equity sale on the property. Read More

Fay Servicing Fined $3.2 Million for Lax Foreclosure Protections

The Massachusetts Attorney General’s Office settled with the Chicago-based servicer, levying the penalty mostly through principal forgiveness. Read More

Inside the CFPB

View Archived Issues

CSBS to Update Model Standards for Nonbanks

Industry, CFPB Spar Over FCRA Requirements

CFPB Plan to Regulate Customer Service Draws Criticism

Public Petition Seeks Fewer Restrictions on Mortgage Brokers

Bureau Plans to Expand Credit Card Data Collection

Appeals Court Sides with Servicer in ‘Arbitrability’ Dispute

CA Bill Requiring Equity Sales of Foreclosed Properties Shelved

Fay Servicing Fined $3.2 Million for Lax Foreclosure Protections

Latest Imf News

Refi Lending Spikes in 4Q, Purchase Mortgages Slow

Delinquencies Climb During Fourth Quarter, Led by FHA

GSEs Getting Aggressive With Cash Window Pricing

Onity’s Earnings Helped by Release of Tax Valuation Allowance

Featured Data

FHA Delinquencies Rise to Pandemic Levels

Expanded-Credit MBS Issuance Slows in 4Q

New Nonbank Servicing Giant Emerges in Fourth Quarter

January Ushers In New Year With Modest Gain in MBS

Featured Reports

Mortgage Servicing Rights Report: 3Q25 (PDF)

IMF Mortgage Directory: Full interactive database

Agency Seller-Issuer Profile: 3Q25 (PDF)

IMF HMDA Dashboard: 2024

Featured Poll

As homeowner equity continues to build, more and more lenders are launching home equity lending products. Are you thinking of joining this market?

Inside the CFPB

August 29, 2022

Download Files:

As homeowner equity continues to build, more and more lenders are launching home equity lending products. Are you thinking of joining this market?