Mortgage brokers: Update your stump speech on mortgage lending, Mr. President

Mortgage brokers: Update your stump speech on mortgage lending, Mr. President

NAMB says mortgage brokers have been at forefront of reform

Monday Morning Cup of Coffee: Spring turnaround, or spring-loaded trap?

The direction of housing and mortgage finance could turn this week

Move lawsuit against Zillow clears contempt hurdle with settlement

Move declares "full steam ahead" in prosecution
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Items Tagged with 'Consumer Financial Protection Bureau'

ARTICLES

CFPB: No concrete plans to extend TRID

Aug. 1 still the implementation date
Brena Swanson
Industry talk quickly spread after a speech on Wednesday by Steven Antonakes, deputy director of the Consumer Financial Protection Bureau, where he seemed to suggest that the CFPB might delay the Integrated Disclosure deadline. The CFPB is putting an end to the rumors.
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U.S. Senator: CFPB is rogue agency dishing out malicious financial policy

Sen. David Perdue wants CFPB under congressional oversight
Ben Lane
It’s clear that the Consumer Financial Protection Bureau and its behavior elicit strong opinions from Capitol Hill and beyond. And now, one U.S. Senator is calling the CFPB a “rogue agency” that needs to be seriously reined in.
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Former CFPB executive highlights hot spots in TILA/RESPA

What’s coming in August 2015
Brena Swanson
On Aug. 1 the industry will be forced to comply with the Consumer Financial Protection Bureau’s Truth In Lending Act and the Real Estate Settlement Procedures Act. Former Consumer Financial Protection Bureau deputy assistant director helps to process the complexities of the new rules.
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The CFPB identifies 6 compliance violation trends

Number three bodes ill for TILA-RESPA problems
Brena Swanson
The Consumer Financial Protection Bureau pulls back the curtain on what violations they are seeing most. Do you fall into any of six mortgage violation trends the bureau identifies?
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Danger ahead from lenders courting subprime borrowers?

One former lender says credit score not enough of a metric
Trey Garrison
With news that some lenders have ramped up loans to subprime borrowers, there may be some warning signs of a possible repeat of banking issues.
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CFPB takes action against three mortgage companies for false advertising

Lenders accused of implying government approval of products
Brena Swanson
The Consumer Financial Protection Bureau is taking action against three lenders for misleading consumers with advertisements implying U.S. government approval of their products. This action is part of a joint sweep conducted by the CFPB and the Federal Trade Commission of about 800 randomly selected mortgage-related ads across the country.
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CFPB takes action against NewDay Financial

Lender pays $2M for deceptive mortgage advertising, kickbacks
Brena Swanson
The Consumer Financial Protection Bureau continues to keep a tight watch over the industry. This time they took action NewDay Financial for deceptive mortgage advertising and kickbacks.
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CFPB: 3 tips when taking a reverse mortgage

How to protect families of reverse mortgage borrowerers
Brena Swanson
Although reverse mortgages are for borrowers aged 62 and older, a significant portion of complaints to the CFPB come from younger spouses or family members of borrowers who are left with financial struggles after the borrower dies. As a result, the CFPB offers three steps on how to try and prevent this.
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Google launches built-in mortgage calculator

Consumers will be able to calculate mortgage payments within Google searches
Ben Lane
Lenders who were unhappy with the Consumer Financial Protection Bureau’s new mortgage payment calculator will soon have a new target for their ire, Google. That’s because the Internet search monolith began very quietly rolling out a mortgage payment calculator of its own on Tuesday.
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From HW Magazine

Here's why the customer is always right

Four keys to unlocking borrower satisfaction
Brad Johnson
Servicers must consider a positive customer experience to be a compliance mandate in the current regulatory environment. While this may be a difficult goal to achieve, we have found that there are four keys to success that can help any servicer do a better job of ensuring a positive experience for their mortgage borrowers.
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