When the CFPB director stepped down, it caused a mess that resulted in lawsuits and two directors showing up to work on the same day. Needless to say, there was a bit of chaos. Who would have thought that the turmoil caused from the changing of the guard would create bipartisan support in both the House and Senate? Congress had trouble agreeing on a solution to keep the lights on, but two different pieces of legislation yesterday saw signs of movement that could be a sign

A few weeks back we discussed the investigation that was launched by a Ginnie Mae & Department of Veterans Affairs, joint task force (that always sounds so official). The task force was assembled to address the issue of loan churning, specifically targeting the VA Refinance products. I won’t delve into too much detail about the lenders that were put on notice, but Ginnie Mae did threaten to remove the lenders from the VA program if corrective action is not taken. You can read