Things at Ocwen just went from bad to much, much worse

Things at Ocwen just went from bad to much, much worse

Embattled company hit with an avalanche of bad news

Pending home sales surge to highest level in 18 months

Buyer demand boosts sales

Foreclosure: The Movie… (finally!) coming to a screen near you

In new film, neighborhood of foreclosed homes drives man insane
W S

Items Tagged with 'Consumer Financial Protection Bureau'

ARTICLES

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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CFPB wants more mortgages in "underserved" areas

And here's how they will get it done
Brena Swanson
Right now there are few players in the rural and underserved mortgage lending space. But the Consumer Financial Protection Bureau is now pushing to change that.
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CFPB issues confidential supervisory information bulletin

Non-disclosure agreements can't hinder CFPB oversight
Brena Swanson
The Consumer Financial Protection Bureau reminded the industry just how much power it has on Tuesday, when it issued a bulletin to supervised financial institutions, including nonbank companies, reviewing regulations about the treatment of confidential supervisory information.
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CFPB goes after Wells Fargo, JPMorgan for mortgage kickback scheme

Mega banks will pay $35.7 million total
Brena Swanson
The Consumer Financial Protection Bureau has taken action on two of the country's biggest banks: Wells Fargo and JPMorgan Chase. Both banks were investigated for an illegal marketing services kickback scheme they participated in with Genuine Title.
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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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