Consumer Financial Protection Bureau (CFPB) Origination Issues

The CFPB administers and enforces the most significant rules governing the mortgage market.  It is charged both with regulating the consumer financial legal landscape and promoting consumer financial opportunities. MBA supports both of the Bureau’s statutory mandates and advocates for improvements and clarifying interpretations on the QM rule, the Loan Originator compensation rule, RESPA servicing rule, TRID, ECOA, and the other key statutes under the Bureau’s authority. We also work to ensure that the Bureau lays out clear rules of the road to follow rather than try to use enforcement actions to outline industry responsibilities.