Latest News About Mortgage Law

Here are a few recent, credible developments in U.S. mortgage-related law and regulation (useful for lenders/servicers and compliance teams):

CFPB and “1071 Rule” timing

• The CFPB adopted a final rule extending compliance dates for the 1071 rule (data-collection requirements for certain mortgage lending activity), amid litigation and ongoing regulatory activity around the rule.[1]

Ongoing mortgage servicing / default-related obligations

• The HUD extended compliance dates for portions of its “Modernization of Engagement With Mortgagors in Default” rule (originally associated with protections/requirements when borrowers are in default).[2]

State foreclosure / borrower notification changes (example: California)

• California passed new mortgage borrower protections involving foreclosure notification and sale requirements for mortgage lenders, effective January 1, 2025.[3]

Where to watch for “latest” updates

Because “mortgage law” changes frequently across federal rules, state foreclosure/servicing laws, and litigation, the most reliable places to track near-real-time updates are:

• Federal regulator rulemakings and enforcement (especially CFPB), and federal court/litigation trackers related to major rules like 1071.[1]
• State-specific foreclosure/servicing statutes and amendments (e.g., California’s recent package).[3]

If you tell me which state you care about (you’re in Piscataway, NJ, so I can focus on New Jersey) and whether you mean mortgage lending rules, foreclosure/servicing, or litigation, I’ll narrow this to the most relevant “latest news” for that exact niche.