“We’ve found all kinds of different violations,” said CFPB Assistant Director for Supervision Policy Peggy Twohig.

MBA chief Dave Stevens noted: “We’ve seen that before, when enforcement does replace regulation, and that’s our greatest concern.”

The former FHA commissioner noted that: “We’ve seen that before – when enforcement does replace regulation..."

Among the industry-supported provisions is expanded small-creditor definition.

“We are not looking for ‘gotchas’ here,” the CFPB official promised.

Meanwhile, there’s a school of thought that believes if and when the Fed hikes, mortgage rates will fall because it will show investors that the central bank is acting to curb inflation.

"For the CFPB to act on its own in such a bullish manner without concern for the confusion this will cause, along with additional costs for consumers, is unconscionable,” said NAIHP chief Marc Savitt.

The trend continues: Work for the CFPB for a year or so and then cash out...

Although Republicans likely have enough votes to force a multi-prong regulatory relief bill through both chambers, the White House remains opposed...

If consent is unavailable, the phone call is impermissible, absent the use of technology the mortgage lending industry generally views as obsolete, such as a rotary or push-button telephone.