Mortgage lenders will soon be able to initiate foreclosure proceedings against homeowners who are 120 days behind on their mortgage payments
Lenders in 2020 refinanced more than twice as many loans as they reported the previous year, a dramatic feature of the pandemic lending boom
The joint letter issued to landlords entreated them to ensure that they and their debt collectors were fully complying with the FTC Act and the Fair Debt Collection Practices Act
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
After months of warning of a crackdown, the CFPB has launched probes into several mortgage servicers, people familiar with the matter say
2.3M homeowners still aren't making their monthly mortgage payments
The lenders who took the most market share in purchase mortgages in 2020 are best prepared to dominate lending in 2021
Mortgage Bankers Association says lenders have been gearing up for changes, and new standards will actually increase access to credit
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
CFPB continues watch of servicing industry as consumers exit forbearance