A lot has happened in the past two years, Federal Housing Finance Agency Director Mark Calabria said yesterday at the Mortgage Bankers Association’s Spring Conference & Expo.
Tag: Consumer Financial Protection Bureau
CFPB Proposes Delay for Debt Collection Rules
The Consumer Financial Protection Bureau on Wednesday proposed extending the effective date of two recent debt collection rules to give affected parties more time to comply due to the ongoing COVID-19 pandemic.
MBA Urges No Delay to CFPB QM Final Rule
The Mortgage Bankers Association, in a letter yesterday to the Consumer Financial Protection Bureau, urged the Bureau not to delay the effective date of its new General Qualified Mortgage Rule, saying the Bureau’s rationale for delaying the rule would not accomplish its stated goals nor benefit consumers.
CFPB Proposes Mortgage Servicing Changes
The Consumer Financial Protection Bureau yesterday proposed a set of rule changes it said are intended to help prevent “avoidable foreclosures” as emergency federal foreclosure protections expire.
MBA Urges No Delay to CFPB QM Final Rule
The Mortgage Bankers Association, in a letter yesterday to the Consumer Financial Protection Bureau, urged the Bureau not to delay the effective date of its new General Qualified Mortgage Rule, saying the Bureau’s rationale for delaying the rule would not accomplish its stated goals nor benefit consumers.
Housing Market Roundup: Apr. 6, 2021
Another round of housing market reports came across MBA NewsLink’s desk over the past few days. Here’s a summary of what’s happening:
CFPB Bulletin Issues Blunt Warning to Mortgage Servicers: ‘Unprepared is Unacceptable’
The Consumer Financial Protection Bureau last week warned mortgage servicers to “take all necessary steps now” to prevent a wave of avoidable foreclosures this fall.
Industry Briefs Apr. 2, 2021
Auction.com, Irvine, Calif., released its 2021 Seller Strategy Report, based on an analysis of more than 70,000 properties brought to foreclosure auction on the Auction.com platform in the four quarters ending in Q1 2021.
CDC Extends National Eviction Moratorium to June 30
The Centers for Disease Control and Prevention announced yesterday an extension to the eviction moratorium further preventing the eviction of tenants who are unable to make rental payments. The moratorium that was scheduled to expire on March 31 is now extended through June 30.
CFPB Annual Report: More Than a Half-Million Complaints Received in 2020
The Consumer Financial Protection Bureau said it handled 542,300 consumer complaints in 2020—a nearly 54% increase from 352,400 complaints handled in 2019. But mortgage complaints represented just 5 percent of the total.