May 29, 2023 | Inside Mortgage Finance

Amicus Briefs Defend CFPB Funding, Warn of Contagion

Several amicus briefs have been filed in defense of the CFPB’s funding structure in a case the Supreme Court will hear in its next term. Former and current members of Congress and academics said the bureau’s funding is consistent with historical practice. Read More

Regulated Entities Warn Supreme Court of Potential for ‘Chaos’

Housing and mortgage markets could descend into chaos if bureau rules are invalidated by the Supreme Court, according to the Mortgage Bankers Association and other trade groups. Read More

HMDA Reporting Issues Pile Up at Banks

Compliance issues tied to HMDA reporting were the most common problem cited in Fed exams of banks in 2022. Read More

MBA Requests Updates to Loss-Mitigation Rules

In a petition filed with the CFPB, the Mortgage Bankers Association requested various changes to the Regulation X early intervention and loss-mitigation rules. Read More

Servicer Can’t Prove It Didn’t Receive QWR, Court Says

A district court held that a borrower had provided enough evidence to show subservicer LoanCare had received a qualified written response and failed to respond as required by the Real Estate Settlement Procedures Act. Read More

Lenders Seek Less Onerous NMLS Reporting Requirements

Mortgage trade groups requested changes to proposed requirements for mortgage business licensing applications in a Nationwide Multistate Licensing System modernization proposal. Read More

Banking Trade Groups Pan Junk Fees Research Proposal

Banking industry trade groups said a CFPB research proposal on consumer choices related to “junk fees” doesn’t meet legal requirements. They are asking the Office of Information and Regulatory Affairs to reject the proposal. Read More

Other News in Brief

Citizens Bank reaches $9 million settlement over credit card violations; American Bankers Association joins Texas lawsuit challenging Section 1071 Rule; House Democrats request briefing on 1071 rule. Read More

Inside the CFPB

May 30, 2023

View Archived Issues

Amicus Briefs Defend CFPB Funding, Warn of Contagion

Regulated Entities Warn Supreme Court of Potential for ‘Chaos’

HMDA Reporting Issues Pile Up at Banks

MBA Requests Updates to Loss-Mitigation Rules

Servicer Can’t Prove It Didn’t Receive QWR, Court Says

Lenders Seek Less Onerous NMLS Reporting Requirements

Banking Trade Groups Pan Junk Fees Research Proposal

Other News in Brief

Latest Imf News

Fannie, Freddie Differ With Portfolio Additions in 1Q

Stalled Housing Package Seen as Boost for Midterm Prospects

Onity Cites Headwinds as Income Declines in First Quarter

Attorneys See Plenty of Fair Lending Risks Despite CFPB’s ECOA Shift

Featured Data

Mortgage Complaints Filed With the CFPB Surge in 1Q

Depository Servicers End Slide in Servicing Share

Bulk Agency MSR Sales Back to Normal in First Quarter

Cars, Data Centers Drive 1Q26 ABS Issuance Surge

Featured Reports

2026 Mortgage Market Statistical Annual (PDF)

IMF HMDA Dashboard: 2025

Mortgage Servicing Rights Report: 4Q25 (PDF)

Agency Seller-Issuer Profile: 4Q25 (PDF)

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

May 30, 2023

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?