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
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
But Fannie Mae and Freddie Mac continue to extend options to avoid in-person appraisals. Continue reading
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
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
Most were pleased with Trump’s performance and identified with him as a real estate businessman. Continue reading
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 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
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
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