All posts tagged Consumer Financial Protection Bureau

mortgagerules

CFPB busts Castle & Cooke Mortgage for violating new mortgage rules

The nation’s consumer watchdog took a bite out of an alleged mortgage reform violator in a recent federal district court filing that seeks to force the mortgage lender to ante up as much as millions of dollars in restitutions to consumers and civil penalties paid to the government. The company stands to pay more than $1 million in fines and restitutions.

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wagoncircle

Wells Fargo circles the wagons amid mortgage reform

Wells Fargo Bank is getting out of the mortgage broker joint venture business, withdrawing due to mortgage reform. Wells Fargo Ventures, LLC, a wholly-owned operating subsidiary of Wells Fargo

mortgagerules

CFPB proposes modifying mortgage reform rules

CONSUMER FINANCIAL PROTECTION BUREAU — Final public comments on the Consumer Financial Protection Bureau's (CFPB) proposed clarifications, and some narrow revisions to its January 2013 mortgage reform rules,

mortgagerules

Mortgage reform amends ‘Ability-to-Repay’ rule

Federal Ability-to-Repay rule amendments and modifications should help garner greater access to credit by creating certain exemptions for small creditors, community development leaders and housing stabilization programs. Another amendment

mortgagerules

Mortgage reform targets home appraisals

Appraisal rules from the Consumer Financial Protection Bureau (CFPB) soon will give consumers additional rights to information on how a home value is determined as well as new

mortgagerules

Mortgage reform targets foreclosure abuse, mortgage servicing failures

Foreclosure abuse prevention is the target of a major set of new provisions in the Consumer Financial Protection Bureau's (CFPB) federal overhaul of mortgage regulations. The rules establish new,

creditcards

CFPB amends CARD Act, giving stay-at-home spouses, partners greater access to credit cards

“Stay-at-home spouses or partners who have access to resources that allow them to make payments on a credit card can now get their own cards.” CONSUMER FINANCIAL PROTECTION BUREAU

mortgagerules

Mortgage reform targets incentives to sell toxic loans

On mortgage reform: "One of the reasons for the collapse was that mortgage borrowers were steered towards high-cost and risky loans they had no real chance of paying

consumerjustice

CFPB: Mortgage insurers to pay $15.4 million to end kickbacks

CONSUMER FINANCIAL PROTECTION BUREAU — The Consumer Financial Protection Bureau (CFPB) today announced four enforcement actions to end what the Bureau believes to be improper kickbacks paid by

mortgagerules

Mortgage reform targets high-cost mortgages

The Ability to Repay rule and Qualified Mortgages (QM) aren't the only mortgage reform rules coming down the pike. The landmark overhaul of federal mortgage regulations also includes protections

mortgagerules

Ability to repay ‘Qualified Mortgages’ centerpiece of landmark mortgage reform

A landmark overhaul of federal mortgage regulations is on its way to help prevent the kind of abusive mortgage practices that contributed to bringing down the housing market

mortgagerules

Q&A: What is the ‘Qualified Mortgage’ rule?

The Qualified Mortgage (QM) rule, also called the "Ability To Repay" rule, is the first-ever attempt at defining and establishing qualifying standards for borrowers applying for mortgage loans.  Under

fraud

Consumer watchdog snares mortgage loan modification scams

The Consumer Financial Protection Bureau (CFPB) announced Dec. 11 actions to halt two alleged mortgage loan modification scams it believes ripped-off thousands of struggling homeowners across the country.

hiddenfees

Small, hidden, legal fees take you the cleaners

If you thought so called "junk fees" or "garbage fees" that come with mortgage orginations are a pain in your wallet, wait until you get a load of

creditreport

Federal consumer watchdog bares teeth at consumer reporting agencies

CONSUMER FINANCIAL PROTECTION BUREAU — The Consumer Financial Protection Bureau (CFPB) has just released a bulletin to nationwide specialty consumer reporting agencies underscoring their obligation under the law

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