Tag Archives: PHH Corp.

In a split decision, a Washington appeals court has reversed a previous ruling, declaring the structure of the Consumer Financial Protection Bureau to be constitutional after all. The Court of Appeals for the ...

The new administration that is about to begin has promised to cut back regulations, so how would a court ruling on the CFPB's appeal of the decision in the PHH case affect mortgage lending going forward?

The Consumer Financial Protection Bureau has filed an en banc petition with the U.S. Court of Appeals for the District of Columbia over the court’s ruling last month that the Bureau’s structure is “unconstitutional” in the PHH Corp. lawsuit.

Colgate Selden, former Senior Counsel in the CFPB Office of Regulations, spoke with MReport about the possible effect the PHH Corp. v. CFPB decision will have on the Bureau's daily operations.

One case in the Consumer Financial Protection Bureau's portfolio has many in the mortgage industry questioning whether or not the organization's power and authority is used unjustly. Unlike other government agencies, the power of the agency is left on one man's shoulders: CFPB Director Richard Cordray.

Bank of America will continuing outsourcing origination services through PHH Corp., to its Merrill Lynch clients.

Almost immediately, PHH and its lawyers, Los Angeles-based Gibson Dunn & Crutcher, petitioned the District of Columbia U.S. Circuit Court of Appeals to “modify or set aside civil investigative demand” while the company made its case against what it called an abuse of power by the CFPB.