CFPB
But Fannie Mae and Freddie Mac continue to extend options to avoid in-person appraisals
by Kelsey Ramírez Apr 2
Zillow investor lawsuit over co-marketing program gets class-action status
Hundreds or thousands of investors could be impacted by litigation over Zillow's agent-lender co-marketing program. Zillow continues to say the 3-year-old suit is without merit
Feds propose new mortgage category
The Consumer Financial Protection Bureau believes 'season QM' mortgages will spur innovation. But not everyone is convinced they're a good idea
by Jim Dalrymple II Aug 19
Supreme Court will hear case on Federal Housing Finance Agency
The United States Supreme Court, which begins its next session in October, will determine if the structure of the Federal Housing Finance Agency is constitutional
by Patrick Kearns Jul 10
SCOTUS rules CFPB structure is unconstitutional
The agency, which helps protect consumers from bad lending practices — including in the mortgage space — was born out of the 2008 financial crisis
by Patrick Kearns Jun 29
Federal agencies launch COVID-19 housing assistance website
The website outlines all of the housing protections included in the CARES Act and offers tools to help homeowners and renters
by Patrick Kearns May 12
NAR calls for improvements to the qualified mortgage rule
The Consumer Finance Protection Bureau signaled an interest in ending a temporary exemption that allows government-backed loans to exceed 43 percent debt-to-income ratio
by Patrick Kearns Sep 17
Lender slapped with $1.75M fine for bungling demographic data
Freedom Mortgage reported inaccurate information on race and sex between 2014 and 2017. The firm originated more than 50,000 mortgages per year during that period
by Jim Dalrymple II Jun 7
President Donald Trump holds Realtors in the palm of his hand
Most were pleased with President Trump's performance and identified with him as a real estate business person
by Andrea V. Brambila May 17
Veterans Affairs loans have spiked since 2007 recession: Study
In 2007, only 30% of first-time service members and veteran buyers used a VA loan. That increased to 78% by 2016
by Patrick Kearns Mar 1
PHH to pay $750k over military service member foreclosures
The settlement ends a federal lawsuit accusing the mortgage company of illegally foreclosing on 6 homes
by Patrick Kearns Feb 7
Money hands
The Consumer Financial Protection Bureau (CFPB) is raising fines across the board for violations of the Real Estate Settlement Procedures Act, which prevents kickbacks between brokers and lenders
by Patrick Kearns Jan 16
Kathy Kraninger
The US Senate voted 50-49 on Thursday to approve Kraninger as head of the agency that regulates banks and lenders on behalf of the public
by Patrick Kearns Dec 6
Zillow securities fraud lawsuit dismissed
The class-action lawsuit alleged Zillow defrauded investors by failing to disclose its co-marketing program was under investigation for RESPA violations
by Patrick Kearns Oct 3
CFPB
Eric Blankenstein, who oversees fair lending enforcement within the Consumer Financial Protection Bureau, used N-word multiple times in the unearthed blog post from 2004
by Patrick Kearns Oct 2