A federal judge appointed by President Trump has delivered the administration a legal victory with a decision supporting the President’s choice for head of the Consumer Financial Protection Bureau. U.S. District Judge Timothy J. Kelly refused Wednesday to block President ...
Read More »CFPB’s Laurie Maggiano: Looking Back at an Industry Icon
Sad news broke this past weekend with the announcement that industry icon Laurie Maggiano had passed away unexpectedly. Maggiano was Servicing and Secondary Markets Program Manager at the Consumer Financial Protection Bureau (CFPB). Having served more than four years at ...
Read More »Kirsten Sutton Mork Named CFPB Chief of Staff
With Kirsten Sutton Mork recently named Chief of Staff, we take a look at what this may mean for the future of the Bureau.
Read More »New Year Brings New Homeowner Bill of Rights Requirements
Riddled throughout California’s Homeowner Bill of Rights are the words “repealed” effective “January 1, 2018”. If loan servicers assume that means the entire HOBR will be repealed and that all they have to worry about is complying with the CFPB loss mitigation rules—think again.
Read More »Court Clears Path for Mulvaney at CFPB
With a Washington U.S. District Court denying Leandra English’s request for a restraining order, Mick Mulvaney cleared one obstacle along his path as Acting Director of the Consumer Financial Protection Bureau. However, legal avenues remain for English.
Read More »Legal Perspective: Untangling What Having Two Acting Directors of CFPB Means
This controversy of who will lead the CFPB in the interim of a new director being confirmed by the Senate will eventually be resolved, but given the novel legal issues it presents and the strong interests on both sides, it could take time to wind through the courts. And the fact that we are faced with this uncertainty has serious consequences, because any actions undertaken by an unauthorized Acting Director could be void.
Read More »Protecting Mortgage Consumers from Watchful Eyes
The Consumer Financial Protection Bureau was recently asked to examine the data included with its Home Mortgage Disclosure Act reporting. Learn why.
Read More »Mulvaney Implements 30-Day Hiring & Reg Freeze Amidst Controversy
During a press conference Tuesday afternoon, White House budget director Mick Mulvaney ran down his plans for the CFPB amidst a tempestuous succession and legal challenge.
Read More »Cordray Announcement Stirs the Industry
CFPB Director Richard Cordray’s announcement of his resignation has caused a slew of reactions in the industry. What is his next move? And what does this mean for the future of housing?
Read More »The Numbers Don’t Lie: Tracking Nationwide Mortgage Delinquency
Dig down into the latest delinquency stats on the national, state, county, and metro-level area…
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