The House Financial Services Subcommittee on Financial Institutions and Consumer Credit held a hearing Tuesday to consider legislation that would affect the mortgage industry and institutions regulated by the CFPB.

tressler@imfpubs.com Homeowners and appraisers are closer to seeing eye-to-eye on home valuations than at any time in the last two years, according to new data from Quicken Loans. “Home appraisals were an average of 0.5 percent lower than what owners expected in December,” the lender said, “These two data points have moved closer together since November, when appraised values were 0.67 percent lower than homeowners’ estimates, and far improved from one year ago when there was…

Meanwhile, the U.S. Chamber of Commerce asked the court for permission to file an amicus brief supporting the DOJ…

The state AGs expressed their concern over statements that Mulvaney has made about the role of the agency, particularly when he called it a “joke…”

Certain originators and their vendors have expressed the need for more time to test systems and accurately implement the proposed changes…

CUNA believes that legal arguments advanced by plaintiff Leandra English are nonsensical and unconstitutional.

Moral of the story: If you're going to service loans in California, you better have a license...

Attorney Alan Kaplinsky said the new filing “may be an indicator of the enforcement philosophy of Mick Mulvaney… and how that philosophy may impact future CFPB enforcement activity.”

Can it be? A bi-partisan reg relief measure that helps the mortgage industry?

Sen. Elizabeth Warren wants a complete list of OMB staffers who have been detailed to the CFPB by Mulvaney...