Investment
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CFPB: Flagstar Bank to Pay $37.5 Million for Mortgage Servicing Violations
Oct 1, 2014On Monday, the Consumer Financial Protection Bureau announced it has ordered Michigan-based Flagstar Bank to pay...
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Communities Demand End to HUD Distressed Loan Sales
Sep 10, 2014Community groups and homeowners in 10 cities have started to rally at local offices of the...
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Survey Finds Qualified Mortgage Rules Increase Costs for Lenders
Aug 18, 2014While new mortgage regulations introduced earlier this year have had little effect on lenders’ strategies, most...
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Consumer Debt Declines; Auto Loans Rising to 8-Year High
Aug 14, 2014Consumer debt fell last quarter for the first time in one year as mortgage originations fell...
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FHA Commissioner Carol Galante to Step Down
Aug 11, 2014A top housing official for the Obama administration will announce this week her plans to step...
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CFPB Rules Harming Mortgage Lending, According to Federal Reserve
Aug 8, 2014New mortgage rules imposed by the Consumer Financial Protection Bureau (CFPB) are driving down mortgages made...
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Bank of America Nears Largest U.S. Mortgage Settlement in History at $17 Billion
Aug 7, 2014Bank of America is nearing a $16 to $17 billion settlement with the Department of Justice...
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National Survey Finds Mortgage Closing Costs on the Rise
Aug 5, 2014With rising home prices, it’s no surprise that buying a home is more expensive than it...
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Regulators Still Troubled by Overdraft Fees as Banks Prepare to Lose Billions From CFPB Rules
Jul 31, 2014Four years ago, federal regulators passed rules designed to reduce overdraft fees. The Consumer Financial Protection...
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Mortgage Relief Faces Mounting Backlog as Homeowners Await Aid
Jul 30, 2014Financially struggling homeowners are facing long delays after turning to the foreclosure prevention program from the...
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