The real reason Fannie and Freddie don't do principal modifications

Julián Castro sworn in, spends first day as HUD Secretary

Former San Antonio mayor takes over for Shaun Donovan

Blackstone adviser: Investors worried about ‘serious correction’

Byron Wien still holds his line

Items Tagged with 'Consumer Financial Protection Bureau'


CFPB obtains $92M for predatory lending scheme

Service members given false promises
July 29, 2014
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
July 24, 2014
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
July 24, 2014
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
July 23, 2014
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
July 21, 2014
"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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Happy 4th birthday Dodd-Frank! Everyone hates you

How effective has Dodd-Frank really been?
July 21, 2014
"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
July 16, 2014
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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CFPB targets mini-correspondent divisions

Bureau reacts to growth of these mortgage bankers
July 11, 2014
Mini-correspondent lending divisions started to take off after the Consumer Financial Protection Bureau’s qualified mortgage rules went into effect on Jan. 10, creating a possible loophole for lenders and catching the CFPB’s regulatory eye.
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Republican CFPB renovation numbers don't add up

The fine print in the price tag
July 11, 2014
The expensive price tag on the Consumer Financial Protection Bureau’s office renovations is receiving a lot of criticism from GOP members. The only problem is that they are working with incorrect numbers.
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Ocwen sends mortgage settlement claim forms to 26,000 in Florida

Residents eligible for $17.8 million of total settlement of $125 million
June 30, 2014
“This settlement fund provides Floridians who lost their homes to foreclosure some financial relief for mortgage servicing misconduct and foreclosure abuse,” Florida Attorney General Pam Bondi said.
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