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HMDA Data Testing, TPO HELOC; MSR Risk Mgt. Products; CFPB to pay $6 Million

Ahead of Groundhog Day tomorrow, one realizes that our industry certainly has its share of unexpected ups and downs. The latest example of a “down” is Mike Gill, a SVP of Capital Markets at the Housing Policy Council, who is fighting for his life after a shooting during a car-jack. Let’s all think positive thoughts! In other “people who make a difference” news, Brian Levy has some nice words to say about ex-MBA president and FHA Commissioner Dave Stevens in his most recent Mortgage Musings. Levy highlighted how Stevens’ death is a big loss for housing finance thought leadership, especially for an industry already quite low on the supply of independent thought leaders. (Dave’s Life Celebration will be held tomorrow, February 2nd from 2-5:30 at Capitol One Hall, Tyson’s Corner, Virginia.) Today’s Commentary podcast can be found here and this week’s is sponsored by Calque. With The Trade-In Mortgage powered by Calque, l ....

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CFPB Agrees to Pay $6M to Settle Discrimination Claims by Black and Hispanic Employees

CFPB Agrees to Pay $6M to Settle Discrimination Claims by Black and Hispanic Employees
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CFPB Agrees to Pay $6M to Settle Discrimination Claims by Black and Hispanic Employees | Ballard Spahr LLP

After nearly a decade of litigation, Judge Beryl A. Howell of the U.S. District Court for the District of Columbia has approved the Consumer Financial Protection Bureau’s $6.0 million. ....

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Federal judge gives final approval to $6 million discrimination lawsuit against CFPB

Federal judge gives final approval to $6 million discrimination lawsuit against CFPB
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CFPB agrees to $6M settlement over alleged employee discrimination

In a statement, the Bureau said it sees this suit as a legacy issue that does not reflect current standards of the agency. ....

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