Price Complexity On Transactions Leads Consumers To Pay More
CFPB study finds junk fees impede fair and competitive pricing for mortgages.
Tagged: Consumer Financial Protection Bureau (CFPB)
Mortgage Servicers Added To Junk-Fee Naughty List
New release from CFPB lays out areas of improvement, and concern, for mortgage servicers.
CFPB Weighs Title Insurance Changes
The agency considers a proposal that would prevent home lenders from passing on title insurance costs to home buyers.
CFPB, HUD Risk Litigation Over Fair Lending Enforcement
Listen to the Mortgage Banker Magazine March 2024 cover story.
CFPB Cracks Down On 'Junk Fees' In Mortgage Industry
Regulators intensify crackdown on undisclosed fees, prompting industry backlash; CFPB asserts fees violate consumer protection laws, while Mortgage Bankers Association criticizes lack of understanding in agency's approach.
Are Trigger Leads Harmful? Prove it
Trade associations claim trigger leads are dangerous to consumers.
Justice Department Sues Texas Developer For Targeting Hispanic Consumers With Predatory Loans And Misleading Ads
The Justice Department and Consumer Financial Protection Bureau allege Colony Ridge used social media to exploit immigrants' homeownership dreams, leading to high foreclosure rates and economic hardship in Hispanic communities.
CFPB Slaps Bank Of America With $12 Million Penalty For False Mortgage Data Reporting
For at least four years, hundreds of Bank of America loan officers failed to ask mortgage applicants certain demographic questions.
CFPB Sues Freedom Mortgage Over Alleged Data Missteps
After a prior $1.75 million penalty, the mortgage giant faces another lawsuit over breach of federal requirements and inaccurate data submissions.
Mortgage Malaise: CFPB Report Reveals Steep Originations Drop, Rising Borrower Costs
Increased fees, soaring monthly payments, and growing approval disparities unsettle the housing market; CFPB eyes regulatory tweaks.