A timeline of what’s happening at the CFPB under Trump
President Trump’s shake-up of the CFPB continues. Here’s a timeline of everything that’s happened at the bureau since Trump’s inauguration.
Mortgage
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Project 2025 architect Russell Vought takes over CFPB
Russell Vought, an architect of Project 2025 and the current head of OMB, is the new acting head of the CFPB.
Mortgage servicing executives grapple with tech stack questions
Servicing companies that don’t embrace new technology will see the existing gap grow to a chasm. But finding the right vendor isn’t easy.
Newrez parent Rithm Capital posts 57% profit growth in 2024
Rithm Capital, which owns multichannel mortgage lender Newrez, built upon its success in 2023 with net income of $835 million in 2024. That figure represented a 57% increase from its profit of $533 million a year earlier.
Better announces ‘Better Forever’ borrower loyalty program
The program is designed to reward customers by waiving origination fees on future refinance or purchase loans. Customers who previously funded a loan through Better on or after Jan. 1, 2019, are automatically enrolled in the program.
Enforcement experts fear the wild west of a weaker CFPB
Scott Bessent, the new secretary of the Department of the Treasury under the Trump administration, made headlines twice on Monday — once for his appointment as acting director of the Consumer Financial Protecture Bureau (CFPB) and again for his order to CFPB staff to halt all bureau activities.
Arrival Home Loans partners with fintech zavvie
The collaboration combines Arrival Home Loans’ niche in owner-occupied bridge loans with zavvie’s advanced technology platform for single-family homes.
RCN Capital acquires BLN Software
Nationwide private lender RCN Capital on Tuesday announced the acquisition of BLN Software, which offers a loan origination system and loan management system for the private mortgage lending industry.
Bijoy John joins Sage Home Loans as senior VP of marketing
John will focus on leading borrower retention efforts and has prior industry experience with Freedom Mortgage, Newrez and Rate.
MBA issues support for FHFA nominee Bill Pulte
In a letter addressed to the Senate Committee on Banking, Housing and Urban Affairs, the MBA gave a strong endorsement of Bill Pulte to lead the FHFA.