Tag Archives: cfpb

Redlining settlement wouldn’t resolve 1st Amendment questions

By | | Uncategorized
Comments Off on Redlining settlement wouldn’t resolve 1st Amendment questions

The CFPB claimed statements made by hosts of Townstone Financial’s AM radio call-in show and podcasts discouraged Black Chicago residents from applying for a mortgage. Continue reading →

Zillow now showing buyers how rate changes affect their options

By | | Uncategorized
Comments Off on Zillow now showing buyers how rate changes affect their options

Powered by mortgage rates from Zillow Home Loans, BuyAbility tool could help listing portal’s lending affiliate get a head start on other lenders it competes with for borrowers. Continue reading →

David Stevens, influential leader in mortgage finance, dies at 66

By | | Uncategorized
Comments Off on David Stevens, influential leader in mortgage finance, dies at 66

The former FHA commissioner also held executive positions at World Savings Bank, Freddie Mac, and The Long and Foster Companies before leading the Mortgage Bankers Association. Continue reading →

Navy Federal faces lawsuits over discriminatory lending allegations

By | | Uncategorized
Comments Off on Navy Federal faces lawsuits over discriminatory lending allegations

Lawmakers are demanding a federal investigation in the wake of a CNN analysis that concluded the nation’s largest credit union denied more than 50 percent of Black mortgage applicants in 2022. Continue reading →

Stricter rules eyed for controversial PACE energy improvement loans

By | | Uncategorized
Comments Off on Stricter rules eyed for controversial PACE energy improvement loans

PACE loans can burden homeowners with higher property tax bills that heighten the risk they’ll get behind on their mortgages, federal regulators say. Continue reading →

Legislation aimed at banning mortgage trigger leads is back

By | | Uncategorized
Comments Off on Legislation aimed at banning mortgage trigger leads is back

Despite lobbying by mortgage trade groups, two previous bills failed to attract cosponsors and died in the House Committee on Financial Services without a second reading. Continue reading →

Federal consumer watchdog flags mortgage servicers’ junk fees

By | | Uncategorized
Comments Off on Federal consumer watchdog flags mortgage servicers’ junk fees

The CFPB alleges mortgage servicers charged excessive late fees, assessed “fake” private mortgage insurance premiums and made homeowners pay for unnecessary inspections. Continue reading →

Wells Fargo paying $3.7B to settle mortgage, auto loan allegations

By | | Uncategorized
Comments Off on Wells Fargo paying $3.7B to settle mortgage, auto loan allegations

Federal regulators allege bank improperly denied thousands of mortgage loan modifications over at least seven years, in some cases leading customers to lose their homes. Continue reading →

Carrington grudgingly signs off on $5.25M COVID-19 relief settlement

By | | Uncategorized
Comments Off on Carrington grudgingly signs off on $5.25M COVID-19 relief settlement

CFPB alleges some homeowners who sought forbearance during the pandemic were charged improper late fees and weren’t fully informed of their options. Continue reading →

It’s the end of the road for LIBOR mortgages

By | | Uncategorized
Comments Off on It’s the end of the road for LIBOR mortgages

No new LIBOR loans will be allowed after this year, but there’s also the matter of what to do with roughly $1.4 trillion in existing loans tied to LIBOR. Continue reading →