Newsroom archive

CFPB Director Rohit Chopra issued a statement on the Financial Stability Oversight Council’s Nonbank Mortgage Company Report

The Consumer Financial Protection Bureau (CFPB) published an edition of Supervisory Highlights describing the agency’s actions to combat junk fees charged by mortgage servicers.

The CFPB issued a new report today finding that more borrowers paid “discount points” upfront as overall interest rates rose.

The Home Mortgage Disclosure Act (or "HMDA") Modified Loan Application Register (or "LAR") data for 2023 are now available on the Federal Financial Institutions Examination Council’s (or "FFIEC") HMDA Platform for HMDA filers.

On March 8, 2024, CFPB Director Rohit Chopra submitted a comment to the Appraisal Subcommittee regarding oversight of The Appraisal Foundation.

A letter written by Director Rohit Chopra to the Appraisal Subcommittee.

The CFPB explained how companies operating comparison-shopping tools can break the law when they steer consumers to certain products or lenders because of kickbacks.

FFIEC Statement on Examination Principles Related to Valuation Discrimination and Bias in Residential Lending

The Consumer Financial Protection Bureau resolved an appeal in a long-running enforcement suit against a foreclosure relief scam operation for $12 million.

The Consumer Financial Protection Bureau and the Justice Department sued Colony Ridge for operating an illegal land sales scheme and targeting Hispanic borrowers.

Director Chopra delivered remarks on the joint CFPB/DOJ action against Colony Ridge.

Force-placed insurance was a noteworthy facet of the foreclosure crisis in 2007-2008, and remains a continuing risk for homeowners. The CFPB is responsible for enforcing mortgage servicing rules related to force-placed insurance.

The Consumer Financial Protection Bureau, the Federal Reserve Board, and the Office of the Comptroller of the Currency today announced that the 2024 threshold for whether higher-priced mortgage loans are subject to special appraisal requirements will increase from $31,000 to $32,400.

Deputy Director Zixta Martinez spoke about the CFPB at The Greenlining Institute's 2023 Just Future Summit.

Today, the Consumer Financial Protection Bureau (CFPB) released its annual report on residential mortgage lending activity and trends.

Today, the CFPB issued its annual report on Home Mortgage Disclosure Act data.

Director Chopra delivered remarks discussing the implosion of Lehman Brothers and the regulatory framework implemented by the CFPB.

Director Chopra delivered prepared remarks on the CFPB’s mortgage rules.

Homeowners insurance might get more expensive, or not be renewed at all. Mortgage borrowers can take steps to find more affordable options.

Lender provided incentives to Realty Connect and other brokerages in exchange for mortgage referrals

The Federal Financial Institutions Examination Council (FFIEC) announced the availability of data on 2022 mortgage lending transactions reported under the Home Mortgage Disclosure Act (HMDA) by 4,460 U.S. financial institutions, including banks, savings associations, credit unions, and mortgage companies.

CFPB issues order against payment processor ACI Worldwide Corp. and its subsidiary ACI Payments Inc. (ACI) improperly initiating approximately $2.3 billion in unlawful mortgage payment transactions. This is the CFPB’s first action addressing unlawful data handling practices in processing mortgage payments.

Five federal regulatory agencies today requested public comment on proposed guidance addressing reconsiderations of value (ROV) for residential real estate transactions.

Six federal regulatory agencies today requested public comment on a proposed rule designed to ensure the credibility and integrity of models used in real estate valuations.

The Consumer Financial Protection Bureau (CFPB) proposed a rule to implement a Congressional mandate to establish consumer protections for residential Property Assessed Clean Energy (PACE) loans.