Tag Archives: cfpb

NAR calls for improvements to the qualified mortgage rule

By | | Uncategorized
Comments Off on NAR calls for improvements to the qualified mortgage rule

The National Association of Realtors is calling on the Consumer Finance Protection Bureau to improve the qualified mortgage definition and government-sponsored entity patch, as well as support an extension before figuring out the long term solution. Continue reading →

Lender slapped with $1.75M fine for bungling demographic data

By | | Uncategorized
Comments Off on Lender slapped with $1.75M fine for bungling demographic data

Freedom Mortgage reported inaccurate information on race and sex between 2014 and 2017. The firm originated 50,000 mortgages per year during that period. Continue reading →

President Donald Trump holds Realtors in the palm of his hand

By | | Uncategorized
Comments Off on President Donald Trump holds Realtors in the palm of his hand

Most were pleased with Trump’s performance and identified with him as a real estate businessman. Continue reading →

Veterans Affairs loans have spiked since 2007 recession: Study

By | | Uncategorized
Comments Off on Veterans Affairs loans have spiked since 2007 recession: Study

The percentage share of veterans and active duty servicemembers that applied for a first-time home loan partially guaranteed by the U.S. Department of Veterans Affairs (VA) nearly doubled in the run up to the financial crisis, a new study out today fro… Continue reading →

PHH to pay $750k over military service member foreclosures

By | | Uncategorized
Comments Off on PHH to pay $750k over military service member foreclosures

PHH Mortgage agreed to pay $750,000 to six service members in response to allegations that the mortgage company unlawfully foreclosed on their homes.  Continue reading →

Government raises fines for RESPA violations

By | | Uncategorized
Comments Off on Government raises fines for RESPA violations

The Consumer Financial Protection Bureau (CFPB) is raising the price of its fines to adjust for inflation, including penalties for violations of the Real Estate Settlement Procedures Act (RESPA). The new fine amounts became law when they were entered i… Continue reading →

Say hello to your new CFPB director, Kathy Kraninger

By | | Uncategorized
Comments Off on Say hello to your new CFPB director, Kathy Kraninger

The Consumer Financial Protection Bureau finally has a non-temporary leader. On Thursday, the Senate voted 50-49 along party lines, with no Democrat voting in support, to approve Kathy Kraninger as the new head of CFPB. Continue reading →

Fair lending policy director faces accusations of racism in blog post

By | | Uncategorized
Comments Off on Fair lending policy director faces accusations of racism in blog post

A high-ranking policy director at the Consumer Financial Protection Bureau (CFPB) responsible for overseeing fair lending practices is under fire for a racially charged blog post. Continue reading →