Today's Commentary · June 11, 2026

June 11: LO jobs; hedging, HOA lien monitoring, reverse products; webcasts of note; what is the CFPB's Humility Pledge?

My cat Myrtle was never a fan of the CFPB. “Rob, have you heard about this ‘humility pledge’ that the CFPB Examiners read to each supervised entity before conducting exams? What in the world?” Yup, nicknamed the ‘humiliation pledge,’ it’s been around about six months… I don’t know how it helps borrowers, but the CFPB is doing it. Strange times. President Trump has nominated Brian Johnson to run the CFPB. When Trump named Bill Pulte, the current head of the Federal Housing Finance Agency (which oversees Freddie Mac...