Goldman Sachs agrees to pay $3.15B in FHFA suit

Goldman Sachs agrees to pay $3.15B in FHFA suit

Settlement will resolve RMBS claims

It's settled: Principal reduction is smart policy

How the BofA settlement opened the door

Pavaso CEO: CFPB eClosing mortgage pilot “historic event”

Makes buying a home easier for all Americans
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Items Tagged with 'Consumer Financial Protection Bureau'

ARTICLES

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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CFPB obtains $92M for predatory lending scheme

Service members given false promises
Brena Swanson
The Consumer Financial Protection Bureau and 13 state attorneys general obtained approximately $92 million in debt relief for about 17,000 U.S. service members and other consumers harmed by Colfax Capital Corporation and Culver Capital.
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Florida AG joins CFPB, FTC enforcement sweep

Announces four actions
Brena Swanson
Florida Attorney General Pam Bondi added her name to the list of states that filed a joint federal-state enforcement sweep targeting foreclosure scam operations, announcing four additional actions.
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CFPB proposes HMDA rule changes

Works to keep pace with market
Brena Swanson
The Consumer Financial Protection Bureau is proposing a new rule in order to improve information reported about the residential mortgage market and communication with consumers.
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CFPB, FTC file 9 lawsuits against deceptive foreclosure firms

Regulators perform giant sweep of industry
Brena Swanson
In a giant sweep against foreclosure relief scammers, the CFPB, FTC and 15 states are filing a handful of lawsuits against companies and individuals that collected more than $25 million in illegal advance fees with false promises to prevent foreclosures.
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Mr. Frank goes back to Washington

Former Congressman to testify before Congress on Dodd-Frank impact
Ben Lane
"The kind of terrible mortgage loans…the abuse of mortgage loans that hurt consumers, hurt financial institutions, and hurt the economy…we outlawed them and they haven’t been made since then," former Congressman Barney Frank said in a CNBC interview. "There have been some very real accomplishments."
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