Zillow plans event to “hack” housing

Zillow plans event to “hack” housing

Offers $10,000 prize for creative solutions to jumpstart market

CFPB goes after Wells Fargo, JPMorgan for mortgage kickback scheme

Mega banks will pay $35.7 million total

Here are the hottest neighborhoods for 2015

This year it’s all about affordability
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Items Tagged with 'Consumer Financial Protection Bureau'

ARTICLES

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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CFPB releases homebuyer mortgage education tool

Nearly half of borrowers do not shop for a mortgage
Brena Swanson
The Consumer Financial Protection Bureau took action to overcome the overwhelming percentage of borrowers who do not shop around for a mortgage. This new tool is designed to educate borrowers and hopefully prevent bad debt purchases.
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Ocwen accused of stalling short sales

NYDFS and CFPB investigate
Brena Swanson
Ocwen just can't get out from under the spotlight of housing regulators. This time the servicer is being accused over whether it improperly stalled short sales by borrowers who owe more than their homes are worth.
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Survey: CFPB employee morale drops significantly

Distrust of CFPB senior leadership is growing
Ben Lane
Employee morale among the employees at the Consumer Financial Protection Bureau is falling and it’s falling fast. The CFPB's annual employee survey shows that employee morale has shifted in a distinctly negative direction in 2014.
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CFPB proposes 7 big changes to foreclosure process for mortgage servicers

Adds guidance on extended borrower protections
Brena Swanson
The Consumer Financial Protection Bureau is proposing additional measures to ensure that homeowners are treated fairly by mortgage servicers. Here are the key changes.
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CFPB: Don’t discriminate against borrowers on Social Security disability

Issues warning to lenders
Ben Lane
The Consumer Financial Protection Bureau issued a warning to lenders, ordering them not to discriminate against borrowers who are receiving Social Security disability income.
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Elizabeth Warren chosen for Senate Democratic leadership

Will serve as adviser to Democratic Policy and Communications Committee
Ben Lane
Senator Elizabeth Warren, D-Mass., who has long been at the forefront of Washington’s fight for financial reform, will now serve in an even more prominent position in the Senate.
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CFPB takes action against Franklin Loan over mortgage violations

Fines lender $730,000
Brena Swanson
In its latest enforcement action, the Consumer Financial Protection Bureau ordered Franklin Loan Corporation to pay $730,000 for giving its employees illegal bonuses for steering consumers into loans with higher interest rates.
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Barclays joins chorus with Ocwen warning

“Investors should be wary of a worst-case scenario”
Ben Lane
Barclays tells clients that while it may take time to determine the true extent of the practices Lawsky alleges Ocwen took part in, investors in non-agency residential mortgage-backed securitizations “should be more wary of a worst-case scenario,” when it comes to Ocwen.
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