Tag Archives: CFPB
People complain about mortgages the most
The CFPB says more than a quarter of borrowers submit complaints about their mortgage, making it the most-complained-about financial product. Continue reading
Time to say ‘goodbye’ to home equity loans?
Two of the nation’s largest financial institutions have discontinued their home equity loan products. Continue reading
CFPB to servicers: Cancel PMI on time
The CFPB released a “compliance bulletin” this week to remind mortgage servicers of the cancellation and termination requirements for private mortgage insurance. Continue reading
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
Watchdog wants more to bark at
The Consumer Financial Protection Bureau wants lenders to share more information about the loans they make. Continue reading
CFPB solicits closing horror tales
Did you have a terrible experience when closing on your mortgage? The CFPB wants to know about it. Continue reading
Making mortgages easier to understand
Will these loan disclosure forms make it easier for consumers to understand their mortgages? Continue reading
Loan servicers keep making messes
Mortgage servicers still have not gotten their act together. Continue reading
Could QM hurt mortgage borrowers?
The rule that defines what a safe mortgage is could restrict credit. Continue reading
Homebuilder returns scheme profits
The CFPB ordered a Texas homebuilder to return more than $100,000 in illegal fees. Continue reading