CFPB Fines Freedom Mortgage $1.75 Million For Illegal Kickbacks
Lender provided incentives to Realty Connect and other brokerages in exchange for mortgage referrals.
Tagged: Consumer Financial Protection Bureau (CFPB)
CFPB Issues Warnings On Reverse Mortgage Marketing
Says it is working with state regulators to ensure fairness in advertising and teach consumers where to go for help.
CFPB Research Finds Cash Flow Should Be Used With Credit Reports
Consumer agency researchers say combination creates a more accurate reflection of ability to pay.
ACI Worldwide To Pay $25M Penalty For Illegally Processing Mortgage Payments
CFPB says company harmed nearly 500,000 homeowners serviced by Mr. Cooper.
Chopra: CFPB Wants To Simplify Servicing Rules
In blog post, director says agency intends to streamline regulations.
5 Federal Agencies Propose Guidance For ROVs
Addresses reconsiderations of value (ROV) for residential real estate transactions.
6 Federal Agencies Seek Comment On Proposed Rule For AVMs
The rule is intended to ensure the credibility and integrity of Automated Valuation Models.
MBA CEO Criticizes Government Response To Economic Challenges
CEO Bob Broeksmit calls for sensible Regulation, clarity, and support for the mortgage industry.
