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Mulvaney looks at bureau’s future

Mulvaney looks at bureau’s future

Bringing “sanity” to mortgage market, including QM, among his plans. Seeks more input
After more than year of resisting the Justice Department, Minnesota's KleinBank agreed to a settlement including expansion of its Community Reinvestment Act assessment area. The bank had resisted the suit in part because it claimed that the Minneapolis market had never been a key business area for the bank.

DOJ settles fair-lending suit with KleinBank

Bank avoids major financial penalties but agrees to expand service
The bureau has issued a small change that will give lenders a bit of running room.

CFPB’s Reg Z change increases flexibility

Tweak takes effect June 1
Death for GFE and HUD-1 docs highly exaggerated

Death for GFE and HUD-1 docs highly exaggerated

Quick compliance tip on key reg
Now mortgage reporting offers more choice in which rules to follow, after CFPB changed the rules.

CFPB gives some mortgage lenders reporting choice

Bureau also proposes changes to the availability of HMDA information
By definition a complaints report does not focus on good news, but some servicers have seen decreases in complaint rates. Others,however, have seen increases.

Mortgage servicing featured in bureau complaint tally

Report unpopular in industry shows some positives for some servicers
S&P Global Market Intelligence, formerly S&P Capital IQ and SNL, is the premier provider of breaking news, financial data, and expert analysis on business sectors critical to the global economy. This article originally appeared on the SNL subscriber side of S&P Global's website.

Tick, tick, tick for DOJ

With time running out, feds ramp up mortgage litigation
Consumer Financial Protection Bureau made it clear four years ago that reverse mortgage advertisign was under scrutiny.

CFPB cites reverse mortgage firms for deception

Three companies accused of making false ad claims
Living the consumer’s side of compliance

Living the consumer’s side of compliance

Our compliance expert explores the red-tape jungle in search of a HELOC
CFPB believes there have been breakdowns in mortgage servicers' compliance performance.

CFPB weighs in on mortgage servicing

Tech failures and process breakdowns no excuse for violations, agency warns
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