Credit bureaus have 'little incentive to treat consumers fairly when their credit reports have errors,' according to Consumer Financial Protection Bureau, which analyzed 700K complaints
Regulators spell out rules for transitioning ARM borrowers to other indexes by 2023
Wells Fargo has agreed to pay a $250M fine after an investigation by federal banking regulators found fault with its practices for helping homeowners with mortgage problems
Journalists at watchdog say credit scores and algorithms used by Fannie Mae and Freddie Mac could be to blame
The company says there was a processing error, and is looking to correct the withdrawals as soon as possible
Bureau pushes back mandatory compliance date despite industry concerns
The Consumer Financial Protection Bureau says the lender 'misled borrowers into believing they could not lose their homes with a reverse mortgage'
Even earnest agents end up in an ethics violation, a lawsuit or revocation of a license
The Federal Housing Finance Agency announced on Wednesday it will retire flexibilities after this final extension due to low usage
After months of warning of a crackdown, the CFPB has launched probes into several mortgage servicers, people familiar with the matter say
The lenders who took the most market share in purchase mortgages in 2020 are best prepared to dominate lending in 2021
Home Mortgage Disclosure Act data reveals a growth surge across mortgage lending, with one lender's volume increasing more than 340% from the year prior
The CFPB introduced new rules that changes the game for mortgage servicers. Experts lay out the changes that await the servicing industry
The Mortgage Bankers Association believes that delaying the mandatory compliance date, as proposed by the Consumer Financial Protection Bureau, will not increase access to credit
The Consumer Financial Protection Bureau is requesting comments from stakeholders on the proposed rule, but given the urgency of the crisis, the deadline for comments is May 10