Tag Archives: cfpb

Trump targets ‘burdens that have driven up mortgage costs’

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NAR said the order “highlights the importance of reviewing regulatory barriers.” The order comes as Trump increasingly focuses on housing. Continue reading →

How Jesse Jackson predicted (and tried to stop) the 2007 crash

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The Rev. Jesse Jackson’s death marks the end of an era in U.S. civil rights movement leadership, but his warnings about predatory lending remain urgently relevant, Dr. Lee Davenport writes. Continue reading →

Welcome to the Senior Class: Downsizing with a home equity conversion mortgage

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Developer and contributor America Foy says agents are missing the boat when it comes to education on senior housing opportunities. The home equity conversion mortgage product is just one example. Continue reading →

2025 a banner year for mortgage deregulation and legislation

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“We don’t just have a seat at the table,” Mortgage Bankers Association CEO Bob Broeksmit told members in Las Vegas. “We’re near the head of the table — and we’re speaking loud and clear.” Continue reading →

What every real estate pro should know about kickback rules

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RESPA is the biggest party foul in real estate. Compliance expert Summer Goralik explains the rules and stresses that anything less than full compliance can be a career-ending misstep. Continue reading →

Outside lawyers, WSJ editorial board urge Trump not to fire Powell

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Trump administration would probably lose court battle, lawyers reportedly advise White House, and markets would react badly, “The Wall Street Journal” warns. Continue reading →

Fed rebuts accusations that Powell mismanaged $2.5B renovation

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Central bank refutes allegations by Trump administration officials that headquarters renovation project has been mismanaged and that Powell lied to Congress about its specifics. Continue reading →

Government regulator lets BofA mortgage off the hook 3 years early

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The 2023 order, aimed at ensuring the collection of information about applicants’ race, ethnicity and gender, wasn’t scheduled to be lifted until 2028. Regulators say the bank has fulfilled its obligations. Continue reading →

Court denies CFPB’s request to vacate fair lending settlement

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Judge declines to reopen case and vacate settlement with Chicago mortgage broker Townstone Financial, calling the request “a Pandora’s box the court refuses to open.” Continue reading →

CFPB enforcement chief resigns, saying mission ‘under attack’

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The Trump administration is seeking to cut 90 percent of the CFPB’s workforce, and has dismissesd about 20 active enforcement cases and moved to vacate or weaken several finalized settlements. Continue reading →