All posts tagged regulations

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.

Continue Reading...
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,

mortgagesettlement

National Mortgage Settlement compliance failures laced with 60,000 consumer complaints

Consumer advocates already knew banks were failing to comply with provisions of the $25 billion National Mortgage Settlement, an agreement between mortgage lenders, states and the federal government

modification

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)

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,

meltdown

Who will get the real mortgage crisis profits?

The stock market has reached new highs, home sales are soaring and interest rates are in near record lows. All this suggests the end of the housing crisis is

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

fairhousing

April is ‘Fair Housing Month,’ for good reason

Welcome to National Fair Housing Month. On April 11, 1968, President Lyndon Johnson signed the Civil Rights Act of 1968, an expansion of the Civil Rights Act of 1964. The

slidinghouse

Lingering economic fallout, mortgage servicing violations prolong housing recovery for many Americans

It should come as no surprise that nearly 80 percent of Americans aren't buying the housing recovery and many of them think the worst is still yet to

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

Website by imagiNed Web Design