Last year brought a continuation of the refinancing boom seen beginning in the second quarter of 2019, the Consumer Financial Protection Bureau (CFPB) said Thursday, and that boom drove some 90% of the increase in […]
Slightly more Americans were not concerned about qualifying for a mortgage during the application process in 2019 (compared to the year before) before the COVID-19 pandemic began, according to updated mortgage loan-level data published Thursday […]
A consent order filed Monday by the consumer financial protection agency requires Low VA Rates LLC, a mortgage lender and broker licensed in 48 states and the District of Columbia, to pay a $1.8 million […]
A consent order announced Monday between the consumer financial protection agency and a mortgage firm licensed in about 22 states imposes a $625,000 civil money penalty against the firm for deceptively advertising Veterans Administration (VA)-backed […]
A mortgage company licensed in California was hit with a $260,000 civil money penalty under a consent order Wednesday for allegedly deceptive loan advertisements targeting servicemembers and veterans, the consumer financial protection agency said. In […]
Two proposed rules aimed at addressing the pending expiration of the so-called “GSE patch” in the federal consumer financial protection agency’s qualified mortgage provisions of its Truth in Lending Act regulation are slated for publication […]
A website to provide mortgage and housing assistance to homeowners and renters facing difficulties amid the coronavirus (COVID-10) pandemic was launched jointly Tuesday by the Consumer Financial Protection Bureau (CFPB) and federal housing agencies. The […]
A video and a guide to “mortgage relief options” have been developed by the federal consumer financial protection agency with an eye, the agency says, toward explaining to consumers how they can score mortgage forbearance […]
The gap in the ages at which white and non-white borrowers became first-time homeowners grew from 2002 to 2018, according to a federal consumer protection bureau report on market trends released Friday. The Consumer Financial […]
Federal banking, housing finance, and securities regulators have begun a review of credit risk retention rules affecting federally insured banks and thrifts that securitize residential mortgage loans. The agencies said they would accept public comments […]
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