HousingWire reveals the 50 fastest-growing companies in housing economy

HousingWire reveals the 50 fastest-growing companies in housing economy

Inaugural 2014 HW Fast50 ranks public, private companies on revenue growth

Chinese investors remain an X Factor for the US housing market

So what does this mean for homeowners and buyers?

Judge throws out Fannie and Freddie investors’ lawsuit

Decision favors Federal government
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Items Tagged with 'Consumer Financial Protection Bureau'

ARTICLES

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 fines Flagstar $37.5 million for mortgage servicing violations

CFPB: “At every step in the foreclosure relief process, Flagstar failed borrowers.”
Ben Lane
"Because of Flagstar’s illegal actions and unacceptable delays, struggling homeowners lost the opportunity to save their homes,” said CFPB Director Richard Cordray. “The Bureau has been clear that mortgage servicers must follow our new servicing rules and treat homeowners fairly. Today’s action signals a new era of enforcement to protect consumers against the cost of servicer runarounds.”
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Willam Matchneer joins Bradley Arant Boult Cummings

Will work with financial services litigation and compliance practice group
Ben Lane
Matchneer joins the firm from the Consumer Financial Protection Bureau, where he served as senior counsel with the CFPB’s division of research, markets and regulations. In this role, he served as the team lead for regulations implementing certain aspects of the Dodd-Frank Wall Street Reform and Consumer Protection Act.
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Roughly 20,000 Florida homeowners go unserved

Ocwen settlement deadline approaches fast
Brena Swanson
Eligible Florida borrowers have a little over two weeks to claim their share of the giant Ocwen Financial Services settlement, with just 10,244 filed claims out of 31,036 qualified Floridians.
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Flagstar mortgage servicing settlement with CFPB imminent

Bank holds little to no reserve for issue...
Brena Swanson
Before Flagstar Bancorp can celebrate its strong comeback in its second-quarter earnings, it has to deal with a small blip on its record that deals with mortgage servicing issues dating back to 2011.
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Pavaso CEO: CFPB eClosing mortgage pilot “historic event”

Makes buying a home easier for all Americans
Brena Swanson
“This is a historic event for not only Pavaso, but for the entire industry as we establish a foundation for electronic business in mortgages and the real estate industry,” said Mark McElroy, president and CEO of Pavaso.
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Here are the 12 lucky firms that landed the CFPB eClosing pilot program

Group explores benefits of technology in mortgages
Brena Swanson
It’s here. The anticipated list of participants in the Consumer Financial Protection Bureau’s mortgage eClosing pilot program was released Thursday, with 12 companies now helping pave the way into streamlining the mortgage process.
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CFPB expresses “heightened” concern over MSR transfers

New bulletin reminds servicers of responsibilities to borrowers
Ben Lane
In the new bulletin, the CFPB said that it is reminding servicers of their responsibilities to borrowers, “in light of potential risks to consumers that may arise in connection with transfers of residential mortgage servicing rights.”
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MMCC: CFPB adds new leadership; Millions of prevented foreclosures

Drastic climate changes impact housing
Brena Swanson
Although it has been five years since the financial crisis, a new study shows a lot more people should be thankful due to one key solution that helped prevent 1.4 million foreclosures. Meanwhile, the CFPB hired a new executive to add to its team of housing watchdogs.
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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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