Here’s What You Should Know About Reverse Mortgages
Reverse mortgages are mortgages available to older adults (age 62 and older) that allow them to borrow money based on […]
Banks & Mortgage Servicers
Regulations X and Z Impose Stricter Rules for Mortgage Loan Servicers
It has been two years since the Consumer Finance Protection Bureau (CFPB) enacted amendments to Regulation X of the Real Estate Settlement Protection
CFPB To Issue New Rules For Payday Lenders
According to an article in the New York Times, the Consumer Financial Bureau is set to release its first set
DOJ Settling With Citi and (Maybe) BoA Over Mortgage Securities
The Department of Justice took a lot of flak for failing to prosecute the banks whose mortgage lending practices contributed
The evolution of mortgage modification litigation
In the wake of the most recent financial crisis, many homeowners who had either lost their homes to foreclosure or
Have you inherited a home affected by a reverse mortgage?
A number of individuals in the financial industry convinced a staggering number of elderly homeowners to enter into reverse mortgages
Watchdog comes down hard on U.S. due to mortgage fraud response
When the subprime mortgage crisis exploded in 2007 and helped to spark the nation’s most recent recession, lawmakers, experts and
The Mortgage Forgiveness Debt Relief Act Has Expired — What It Means For You
In 2007, Congress enacted the Mortgage Forgiveness Debt Relief Act. It was designed to remove the negative tax consequences of
Ocwen Enters Into Multi-Billion Dollar Consent Order For Mortgage Servicing Misdeeds
Ocwen is the latest mortgage servicer to enter into a consent order with the CFPB and 49 of the 50
CFPB’s Mortgage Disclosure Rules Need Work
I normally applaud the CFPB for its aggressive regulation and its attempts to expand its regulatory reach. When the CFPB