“We are extremely concerned that, one year after the CFPB’s mortgage servicing rules went into effect, we are still finding runarounds and illegal dual-tracking,” said agency Director Richard Cordray.

Analysts at Compass Point Research & Trading said in a client note Monday that the second quarter should be a relatively strong one for mortgage originators/servicers.

If you are advertising or marketing mortgage products in Spanish, compliance experts suggest you should provide all requisite disclosures and servicing in Spanish.

The face-saving mechanism in the CFPB's announcement was a claim to the discovery of a legal glitch.

Some industry participants are concerned that they’ll have to contend with new disclosure-related compliance overlays from secondary market investors.

“When someone tells you that the ATR rule is working, keep in mind it’s working because it actually stands on exemptions," said Rod Alba, senior regulatory counsel at the American Bankers Association.

But the combined Truth in Lending Act and Real Estate Settlement Procedures Act disclosures may not be as bad as many seem to fear.

CFPB Director Richard Cordray overrode a $6.4 million penalty set by an ALJ in the matter and ordered PHH to pay $109.2 million...

According to the consent order in the case, Ocwen had a history of ignoring the agency’s document requests...

The survey also found that about 90 percent of loans originated by banks were QM compliant compared to 84 percent last year...