Judge throws out Fannie and Freddie investors’ lawsuit

More signs of a sliding housing market

Affordability has issues, too

Fannie: Millennial housing demand declines further

Fall comes even as housing affordability for young improves
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Items Tagged with 'CFPB'

ARTICLES

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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Mortgage industry professionals discover personalized solutions with custom technology
Keith Guenther
In an ever-changing market, mortgage servicers carry the increasingly difficult burden to justify the expense of software enhancements and extended development required to update their current technology, in order to merely maintain standards.
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Are there troubling trends in the new 2013 HMDA data?

Affordable housing advocates say yes, and here's why
Trey Garrison
Low-income, moderate-income and nonwhite borrowers are being squeezed out of homeownership, community coalition says.
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Here’s why MBA strongly opposes public CFPB complaint database

Creates more problems than solves, rife with privacy issues
Trey Garrison
The Mortgage Bankers Association strongly opposes making public the Consumer Financial Protection Bureau’s consumer complaint narrative database, an open letter from the MBA to the CFPB says.
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CFPB: Data collection practices within the norm for regulators

Data collection essential for effective financial regs, spokesman tells HW
Trey Garrison
The GAO’s report recognizes that the Bureau collects data on a scale similar to other regulators and uses that data to carry out its mission to protect consumers, a CFPB spokesperson says.
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CFPB collecting data on 600 million credit accounts despite privacy, security risks

GAO report: Weaknesses in CFPB ability to assess data collection
Trey Garrison
A Government Accountability Office comprehensive study released by the ranking member of the U.S. Senate Banking Committee confirms that the Consumer Financial Protection Bureau is collecting financial data on up to 600 million consumer credit card accounts, without sufficient security and privacy protections to ensure there is no risk of improper collection, use, or release of consumer financial data.
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CFPB memo ensures mortgage protections to same-sex marriages

Document reminds staffers all marriages are considered valid
Trey Garrison
With little fanfare, the Consumer Financial Protection Bureau took an important step forward when it issued guidance on mortgage treatment for legally married same-sex couples.
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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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Washington is protecting buyers right out of homeownership

BPC Housing Commissioner: Give borrowers a chance to fail
Trey Garrison
Government is protecting first-time, lower- and middle-income borrowers out of homeownership, and buyers need to be given a chance to fail. Or succeed.
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Credit unions to Senate Banking: Enough is enough

Credit unions are being overregulated with burdensome rules
Trey Garrison
XCEL Federal Credit Union President and CEO Linda McFadden will tell the Senate Banking Committee on Tuesday that “enough is enough” when it comes to the overregulation of credit unions, sources in Washington tell HousingWire.
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