A coalition of consumer groups, including the National Consumer Law Center, recommend that lenders adopt a reconsideration of value process “as close to mandatory as possible outside a formal rule.”

An amicus brief filed by the Mortgage Bankers Association and other housing industry trade groups was discussed Tuesday in the Supreme Court.

Leaders of the Mortgage Bankers Association and the Housing Policy Council argue that the government's role in the mortgage market is too large.

Washington Trust Company agreed to spend at least $9 million on lending efforts in majority-Black and Hispanic neighborhoods though the bank won't pay a civil monetary penalty.

“No one wants the CFPB to go away, no one wants the rules to be unenforceable,” said Nanci Weissgold, a partner at the law firm Alston & Bird.

FDIC examiners determined that the bank could have done more to encourage new borrowers to sign up for adjustable-rate mortgages.

Activity by Fannie Mae and Freddie Mac involving shared equity loan programs has been limited to this point and the FHLBanks are currently prohibited from acquiring mortgages in shared equity programs.

The CFPB plans to propose a rule in 2024 that would lead to the removal of medical bills from credit reports.

There's an interplay between how the proposal would impact larger banks and the effects on nonbank mortgage companies.

“Our goal is to basically find a way to preserve that flexibility to allow streamlined tools and servicing,” said Mark McArdle, assistant director of mortgage markets at the CFPB.