All posts tagged federal agency


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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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,


HAMP, MHAP programs extended through 2015

The U.S. Department of the Treasury and the U.S. Department of Housing and Urban Development (HUD) have announced an extension on the Obama Administration’s Making Home Affordable (MHAP)


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


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,


VA home loan appraisal standards strict, but not insurmountable

Q: Veterans Affairs loans? Aren't those impossible to get through escrow? A: Not according to the 540,000 people who obtained VA loans in 2012. Q: Doesn't a home have


How long will the Fed buy mortgage-backed securities?

VANGUARD - Amid reports of reduced consumer prices and a spotty job market, the Federal Reserve's upcoming policy meeting likely will grapple with the question: How long should


4.2 million Independent Foreclosure Review-related payments up to $125,000 begin today

FEDERAL RESERVE BOARD - Payments to 4.2 million borrowers are scheduled to begin today April 12 following an agreement reached by the Office of the Comptroller of the


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


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


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


Sequestration to hit housing’s most needy residents

When legislators walked out without settling sequestration, they also walked out on hundreds of thousands of needy households and housing industry related jobs. Washington's failure to act likely won't


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


Independent Foreclosure Review gets another do-over

Perhaps the real news would be the answer to this question: "Why won't mortgage servicers simply abide by the original Independent Foreclosure Review order, give borrowers their due


Average 30-year mortgage rate hits two-month high

Buoyed, in part, by a hopeful outlook for employment, the 30-year fixed-rate mortgage (FRM) posted its highest reading in eight weeks, an average 3.40 percent with 0.7 point. Freddie

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