Compliance

The Consumer Financial Protection Bureau (CFPB) has issued a statement claiming that some mortgage servicers were in violation of federal laws “by failing to provide struggling borrowers with legal protections.”
The Consumer Financial Protection Bureau (CFPB) has issued a statement claiming that some mortgage servicers were in violation of federal laws “by failing to provide struggling borrowers with legal protections.”   In the Spring 2017 edition of the agency’s “Supervisory Highlights” report, the CFPB... Keep Reading....
An estimated 29,000 homeowners received permanent loan modifications from mortgage servicers during January, according to new data from HOPE NOW, with 20,000 solutions coming from proprietary programs and the remainder from the federal Home Affordable Modification Program, which came to its... more
The latest piece of congressional legislation seeking to reconfigure the Consumer Financial Protection Bureau (CFPB) was introduced by Sen. Rob Portman (R-OH)
The latest piece of congressional legislation seeking to reconfigure the Consumer Financial Protection Bureau (CFPB) was introduced by Sen. Rob Portman (R-OH), who is seeking to create a new dedicated, Senate-confirmed Inspector General (IG) to monitor the agency.   In its current set-up, the CFPB... more
President Trump’s Fiscal Year 2018 budget blueprint requested $40.7 billion in gross discretionary funding for the Department of Housing and Urban Development (HUD)
President Trump’s Fiscal Year 2018 budget blueprint requested $40.7 billion in gross discretionary funding for the Department of Housing and Urban Development (HUD), which is $6.2 billion lower than the previous fiscal year’s level, or a 13.2 percent decrease.   The budget blueprint issued by the... more
The Consumer Financial Protection Bureau (CFPB) has levied a $1.75 million civil penalty against Coppell, Texas-based Nationstar Mortgage LLC
The Consumer Financial Protection Bureau (CFPB) has levied a $1.75 million civil penalty against Coppell, Texas-based Nationstar Mortgage LLC for allegedly violating the Home Mortgage Disclosure Act (HMDA) by “consistently failing to report accurate data about mortgage transactions for 2012 through... more