Tag Archives: consumer financial protection bureau

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 →

What to look for in a closing disclosure form

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How long has it been since you updated your closing disclosure form? Here is a page-by-page breakdown of what you should review, verify, understand and inform clients about. Continue reading →

Trump administration announces halt on foreclosures and evictions

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For now, evictions and foreclosures will be placed on a moratorium until the end of April. Continue reading →

The last housing finance roundup of 2019

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The federal government took a flurry of actions before the end of the year. Read Lew Sichelman’s latest column to catch up with housing finance news you might otherwise have missed. Continue reading →

Equifax will pay up to $700M over data breach that exposed millions

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The payments are a response to the largest-ever data hack of its kind, which was discovered in 2017 and impacted nearly 150 million consumers. Continue reading →

When lenders reject US veterans, who you gonna call?

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NewDay USA has encountered controversy in its time doing business, but some brokers say that it can help veterans with traditionally low credit scores land reasonable loans. Veterans should just make sure that they enter the agreements with their eyes … Continue reading →