The Consumer Financial Protection Bureau (CFPB) could finalize changes to its Regulation X servicing rules while creating a regulatory pathway for streamlined refinances through the government-sponsored enterprises (GSEs) by the end of this year, mortgage industry sources told HousingWire.
Meanwhile, prospects for changes to the loan originator compensation rule (LO Comp Rule) — particularly revisions that would allow compensation to vary based on loan terms, a restriction established under the Dodd-Frank Act — appear to be fading despite sustained lobbying from industry trade groups.
One source said the CFPB does not believe changes to the LO Comp rule would have details ⇒
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