Breaking News
  • Freddie Mac reports $354M net loss in first quarter

    Freddie Mac reported a $354 million net loss in the first quarter, significantly down from its $2.2 billion net income recorded in the fourth quarter of 2015. The news is a reminder of the GSE's net loss in the third quarter of 2015, which marked the first loss in four years. But despite the news, Freddie CEO Donald Layton remains positive on the results. Click the headline to find out why.

Servicing The Ticker

Loan mod, foreclosure complaints dominate CFPB consumer reports

Loan modifications, foreclosures and other servicing issues dominate the Consumer Financial Protection Bureau’s list of complaints from U.S. mortgage holders, according to a database launched by the consumer bureau Thursday.

Out of the 90,000 complaints that consumers have made to the CFPB regarding financial firms, more than 50,000 relate solely to mortgage issues.  

The database allows users to view the complaints by mortgage issue and product type. They can even organize issues by the name of the lender or servicer.

Users also are able to compose pie charts and bar graphs to evaluate the data in a visual format.

 

 

Reprints

Services Guide

Comments powered by Disqus