Category Archives: Mortgages
CFPB slaps Flagstar Bank with $37.5M fine
The Michigan-based bank is paying the price for breaking the CFPB’s new mortgage-servicing rules. Continue reading
What are HUD’s priorities?
The new housing secretary delivered his first major speech since taking office. What’s his top priority? He doesn’t say. Continue reading
Lame jobs report great for borrowers
The August employment report was a disaster, but that’s good news for those looking to get a mortgage. Continue reading
Home prices rise at slower pace
Home price growth has slowed significantly. Should you be concerned? Continue reading
BofA settlement: What’s in it for you?
Bank of America reached a $17 billion agreement with federal regulators over faulty mortgages. What’s in it for you? Continue reading
Mortgage servicers get better
Consumers are more satisfied with the service they are getting from their mortgage servicers this year, according to a recent survey. Continue reading
OK jobs report brings lower rates
Mortgage borrowers who want rates to stay low have dodged another bullet with the release of the July jobs report. Continue reading
Borrowers get $2.5B from Citi
About $2.5 billion of Citi’s $7 billion settlement will go to consumers Continue reading
Will boom-era HELOCs go splat?
Regulatory agencies believed it was necessary to alert banks that some of their customers will soon have trouble paying off their HELOCs. Continue reading
Oh, great, a good jobs report
What’s good for job-seekers is bad for mortgage shoppers. So today’s positive employment report is negative news for people who didn’t lock a mortgage rate earlier in the week. Continue reading