Tag Archives: cfpb

CFPB officially delays new QM rule well into next year

By Kelsey Ramírez | April 28, 2021 - 3:16 pm |April 28, 2021 Uncategorized

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The CFPB announced that despite concerns from the housing industry, it is postponing compliance with its new QM rule until Oct. 1, 2022. Continue reading →

Nationwide Equities fined $140K for alleged deceptive advertising

By Kelsey Ramírez | April 27, 2021 - 7:10 pm |April 27, 2021 Uncategorized

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The Consumer Financial Protection Bureau says the lender “misled borrowers into believing they could not lose their homes with a reverse mortgage.” Continue reading →

FHFA extends COVID lending flexibilities for final time

By Kelsey Ramírez | April 21, 2021 - 3:39 pm |April 21, 2021 Uncategorized

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The Federal Housing Finance Agency announced on Wednesday it will retire flexibilities after this final extension due to low usage. Continue reading →

CFPB reportedly investigating several mortgage servicers

By Kelsey Ramírez | April 20, 2021 - 5:21 pm |April 20, 2021 Uncategorized

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After months of warning of a crackdown, the CFPB has started probes into several mortgage servicers, people familiar with the matter say. Continue reading →

Keep your eye on these top 10 purchase lenders this year

By Kelsey Ramírez | April 14, 2021 - 9:11 pm |April 14, 2021 Uncategorized

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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 Kelsey Ramírez | April 12, 2021 - 9:15 pm |April 12, 2021 Uncategorized

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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 Kelsey Ramírez | April 9, 2021 - 8:26 pm |April 9, 2021 Uncategorized

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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

By Kelsey Ramírez | April 6, 2021 - 8:34 pm |April 6, 2021 Uncategorized

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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

By Kelsey Ramírez | April 5, 2021 - 6:47 pm |April 5, 2021 Uncategorized

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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 →

CFPB walks back on COVID appraisal flexibilities

By Kelsey Ramírez | April 2, 2021 - 2:27 pm |April 2, 2021 Uncategorized

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But Fannie Mae and Freddie Mac continue to extend options to avoid in-person appraisals. Continue reading →