FHFA leaving g-fees alone, revising primary mortgage insurance requirements

FHFA leaving g-fees alone, revising primary mortgage insurance requirements

Move will lower fees for riskier borrowers; change is ‘revenue neutral’

Housing advocacy groups call on FHFA, CFPB to investigate “pro-foreclosure” tactics

Groups cite Ocwen as leader in preventing mortgage defaults

Court filing reveals name of anonymous whistleblower in Zillow/Move lawsuit

Former Zillow VP of Strategic Partnerships wrote the letter
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Items Tagged with 'Richard Cordray'

ARTICLES

CFPB Director wants more from mortgage servicers

3 takeaways from Richard Cordray’s speech
Brena Swanson
Consumer Financial Protection Bureau Director Richard Cordray’s disgruntled relationship with the mortgage servicing industry has deep roots. And judging by his latest speech at the Brookings Institution, not much has changed in his eyes.
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CFPB fines Lighthouse Title for kickbacks

Michigan agency allegedly paid real estate agents for referrals
Ben Lane
“Today’s action sends a clear and simple message, that quid pro quo agreements for real estate referrals are illegal,” said CFPB Director Richard Cordray. “The Consumer Bureau will continue to take action to ensure that the mortgage market is a level playing field where everyone plays by the rules.”
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CFPB takes action against Amerisave Mortgage

Mortgage firm to pay $19.3 million
Brena Swanson
After deceiving tens of thousands of mortgage customers with a bait-and-switch loan scheme, Amerisave Mortgage is now required by the CFPB to pay $19.3 million.
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Happy 4th birthday Dodd-Frank! Everyone hates you

How effective has Dodd-Frank really been?
Ben Lane
"As a Davis Polk & Wardwell LLP progress report on the legislation indicates, the deadlines for 280 rulemaking requirements have passed, as of July 18," analysts from SNL Financial write in a new report. “Of those, 127 deadlines were missed. Of the 398 total required rulemakings contained in the bill, 96 have yet to be proposed."
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CFPB wants to make consumer complaints public

Complainers can opt-in to share stories about companies
Trey Garrison
The Consumer Financial Protection Bureau is proposing a new policy that would empower consumers to publicly voice their complaints about consumer financial products and services.
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Financial Services Committee can't get past CFPB debate

Waters: "We should not cut off the ability of the CFPB..."
Brena Swanson
Despite a lot of topics on the plate of the Financial Services Committee to debate, they could not seem to get away from the discussion of the Consumer Financial Protection Bureau. This being just one of the several topics discussed.
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CFPB going digital to help everyone understand everything

eRegulation updated to include Regulation E, Regulation Z
Brena Swanson
2014 brought on a wave of new regulation from the Consumer Financial Protection Bureau, but lenders are not empty handed. The CFPB continues to pump out online tools to help everyone understand everything.
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Obama announces plan to ease “crushing” student loan debt

What does it mean for housing?
Ben Lane
In his remarks, and in his weekly radio address, President Obama spoke of the “crushing” debt that students face and how it impedes economic growth. The President said: “If somebody plays by the rules, they shouldn’t be punished for it.”
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CFPB pushes for eClosings

Fully electronic mortgages will help consumers, regulators say
Brena Swanson
Housing leaders and regulators met in Washington, D.C. on Wednesday to further open the door to the greater use of technology in the mortgage process.
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5 ways children hold the key to housing’s future

Why did the housing bust happen in the first place?
Brena Swanson
The market came to a screeching halt during the financial crisis, but it wouldn’t have had to if the market did one thing: emphasize education.
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