Dodd-Frank

Mortgage brokers were among the companies that received the regulator's warning letters, but brokers are not required to report HMDA data — leading many to suspect mini-correspondents, which straddle the line between broker and lender, were the recipients.

The CFPB sent letters Thursday to 44 mortgage lenders and brokers warning them of potential reporting violations related to their mortgage lending activities — infractions the bureau is increasingly pushing lenders to take seriously.

A title agent's cost for closing a loan increased an average of $210 nationwide in the third quarter because lenders are using disparate processes after implementing the TILA/RESPA integrated disclosures, according to First American.

A federal court appeals decision could theoretically mean that Comptroller of the Currency Thomas Curry now answers directly to Treasury Secretary Jack Lew, a significant break from the agency's history of independence.

Lenders asking whether bank loans are safe are missing the point and should instead be more concerned with the standard they apply when underwriting them.

Upcoming look-backs of key Dodd-Frank provisions like the Qualified Mortgage rule are unlikely to result in new regulatory changes. But any effort to revisit already-implemented rules should give cause for concern, legal experts warn.

To successfully respond to the most pressing challenges facing the mortgage industry right now, lenders and servicers must navigate issues of competition, governance, affordability and margins.

Companies weighing whether to reopen past settlements with the Consumer Financial Protection Bureau after a federal appeals court limited the agency's powers may want to think twice, according to industry experts.

The ramifications for a U.S. Court of Appeals decision against the CFPB’s constitutionality go far beyond just the agency’s independence, and may have consequences for other federal agencies with similar structures. The ruling may also hamper the CFPB's powers going forward, including its ability to retroactively apply new rules.

The single-director structure of the Consumer Financial Protection Bureau represents an unconstitutional concentration of executive power, a federal appeals court said Tuesday. But the court stopped short of disbanding the agency, instead giving the president more power to remove its leader.