The bureau has turned its attention toward steps needed to address the “GSE patch” along with other changes to its rulemaking activity. But it has not indicated the approach it is considering.
The Government Accountability Office recommended that the CFPB clarify which financial institutions can offer rehabilitation programs to private student loan borrowers. But the bureau decided otherwise.
Discussions over the expiring “QM patch” heated up recently with the American Enterprise Institute accusing the Urban Institute of “bad economics” on its solution to the problem.
The mortgage-related provisions in the proposed debt-collection rule mark the latest efforts by the bureau to bridge the difference between the debt collec-tion law and mortgage servicing rules.
The House of Representatives passed a bill introduced by Maxine Waters, D-CA, to reverse former CFPB acting Director Mick Mulvaney’s efforts to rein in the bureau. But the bill is likely to go nowhere in the Republican-controlled Senate.
The first-time homebuyer market outperformed the rest of the housing market in a fairly weak first quarter, according to a report from Genworth Mortgage Insurance.
The bureau's latest regulatory agenda includes plans to address the fate of the qualified mortgage "patch," but drops items regarding the use of disparate-impact theory in fair lending laws.
A Third Circuit appeals panel held that owner trustees are not responsible for residential MBS losses, given their limited duty under governing contracts.