Tag Archives: cfpb

What the proposed CFPB rules mean for mortgage servicers

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The CFPB introduced new rules that changes the game for mortgage servicers. Experts lay out the changes that await the servicing industry. Continue reading →

MBA: Delaying non-qualified mortgage rule will bring uncertainty to housing

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The Mortgage Bankers Association believes that delaying the mandatory compliance date, as proposed by the Consumer Financial Protection Bureau, will not increase access to credit. Continue reading →

New CFPB proposal would take foreclosures off the table for 2021

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The Consumer Financial Protection Bureau is requesting comments from stakeholders on the proposed rule, but given the urgency of the crisis, the deadline for comments is May 10. Continue reading →

NAR calls for improvements to the qualified mortgage rule

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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

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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

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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

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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

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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

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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 →