Tag Archives: consumer federation of america

Pocket listings reshape access as agent commissions remain largely unchanged: Watchdog

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A new report suggests that the industry’s push toward pocket listings is emerging as a pressure point for first-time buyers. Continue reading →

Industry leaders weigh in on Zillow’s coming-soon push

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Early reactions to the portal’s Zillow Preview program highlight the ongoing debate over pre-marketing, private networks and listing transparency. Continue reading →

Watchdog: Agents earn too little. Consumers pay too much

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In an Inman op-ed, Stephen Brobeck, senior fellow at the Consumer Policy Center, responds to Cara Ameer’s recent critique of the CPC’s report on post-settlement changes impacting homebuyers. Continue reading →

New Fannie, Freddie housing goals may hurt working families

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A coalition of groups has warned that the Trump administration’s goals for the mortgage giants will leave up to 177,000 lower income homebuyers looking elsewhere for a loan. Continue reading →

Mortgage trigger leads will be less crazy, but they ain’t going away

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Loopholes in new law mean credit bureaus will still be able to sell applicants’ information to their current lender, servicer or bank — a boon for lenders who also service their own loans. 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 →

Groups slam CFPB’s bid to undo fair lending settlement as ‘dangerous’

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Fair housing and consumer groups are trying to stop the Trump administration from vacating a settlement the government reached with a Chicago mortgage broker just days before the November election. Continue reading →

State Farm seeks double-digit rate hike in California in wake of LA fires

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The insurer asked the California Department of Insurance to raise rates by an average of 22 percent “to help avert a dire situation” as the company pays thousands of claims related to the fires. Continue reading →

Treasury Secretary Scott Bessent to temporarily lead CFPB

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President Trump fired former Consumer Financial Protection Bureau Director Rohit Chopra on Saturday. Treasury Secretary Scott Bessent will take over leadership duties until Trump nominates a new director. Continue reading →

Consumers will determine the future of the real estate industry

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Stephen Brobeck, senior fellow at Consumer Federation of America, examines the aftermath of the Sitzer | Moehrl commission settlement and what it means for the industry’s future. Continue reading →