Tag Archives: cfpb

Keep your eye on these top 10 purchase lenders this year

By | | Uncategorized
Comments Off on Keep your eye on these top 10 purchase lenders this year

Refinances are decreasing as purchases take over market share. These top 10 purchase lenders from 2020 are best prepared to dominate lending in 2021. Continue reading →

Here are the top 10 mortgage lenders for 2020

By | | Uncategorized
Comments Off on Here are the top 10 mortgage lenders for 2020

The release of 2020 Home Mortgage Disclosure Act data reveals a growth surge across mortgage lending. One lender recorded more than 340 percent growth from the previous year. Continue reading →

What the proposed CFPB rules mean for mortgage servicers

By | | Uncategorized
Comments Off on What the proposed CFPB rules mean for mortgage servicers

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

By | | Uncategorized
Comments Off on MBA: Delaying non-qualified mortgage rule will bring uncertainty to housing

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

By | | Uncategorized
Comments Off on New CFPB proposal would take foreclosures off the table for 2021

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

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 →