Mortgage refinance loans drove an increase in closed-end originations in 2020, new CFPB report finds

A new Home Mortgage Disclosure Act (HMDA) data report on residential mortgage lending trends released today by the Consumer Financial Protection Bureau finds that the total number of closed-end originations as well as applications increased substantial…

A new Home Mortgage Disclosure Act (HMDA) data report on residential mortgage lending trends released today by the Consumer Financial Protection Bureau finds that the total number of closed-end originations as well as applications increased substantially between 2019 and 2020.

Read more / Original news source: https://www.consumerfinance.gov/about-us/newsroom/mortgage-refinance-loans-drove-an-increase-in-closed-end-originations-in-2020-new-cfpb-report-finds/

CFPB Issues Interpretive Rule on Certain Mortgage and Disclosure Timing Requirements for the 2021 Juneteenth Federal Holiday

The Consumer Financial Protection Bureau (CFPB) today released an interpretive rule to assist the mortgage industry in determining whether to treat June 19, 2021, as a federal holiday or a business day for purposes of compliance with certain time-sensi…

The Consumer Financial Protection Bureau (CFPB) today released an interpretive rule to assist the mortgage industry in determining whether to treat June 19, 2021, as a federal holiday or a business day for purposes of compliance with certain time-sensitive borrower protections.

Read more / Original news source: https://www.consumerfinance.gov/about-us/newsroom/cfpb-issues-interpretive-rule-on-certain-mortgage-and-disclosure-timing-requirements-for-the-2021-juneteenth-federal-holiday/

Consumer Financial Protection Bureau Settles with Eighth Mortgage Company to Address Deceptive Loan Advertisements Sent to Servicemembers and Veterans

The Consumer Financial Protection Bureau issued a consent order against ClearPath Lending, Inc. (ClearPath), a California corporation that is licensed as a mortgage broker or lender in about 22 states.

The Consumer Financial Protection Bureau issued a consent order against ClearPath Lending, Inc. (ClearPath), a California corporation that is licensed as a mortgage broker or lender in about 22 states.

Read more / Original news source: https://www.consumerfinance.gov/about-us/newsroom/cfpb-settles-eighth-mortgage-company-deceptive-loan-advertisements-servicemembers-veterans/

Consumer Financial Protection Bureau Settles with Seventh Mortgage Company to Address Deceptive Loan Advertisements Sent to Servicemembers and Veterans

The Consumer Financial Protection Bureau issued a consent order against Accelerate Mortgage, LLC (Accelerate), a Delaware limited liability corporation that is licensed as a mortgage broker and lender in about 31 states.

The Consumer Financial Protection Bureau issued a consent order against Accelerate Mortgage, LLC (Accelerate), a Delaware limited liability corporation that is licensed as a mortgage broker and lender in about 31 states.

Read more / Original news source: https://www.consumerfinance.gov/about-us/newsroom/cfpb-settles-seventh-mortgage-company-deceptive-loan-advertisements-servicemembers-veterans/

Consumer Financial Protection Bureau Settles with Sixth Mortgage Company to Address Deceptive Loan Advertisements Sent to Servicemembers and Veterans

Today, the Consumer Financial Protection Bureau (Bureau) issued a consent order against Service 1st Mortgage, Inc. (Service 1st), a mortgage broker based in Glen Burnie, Maryland that is licensed in about 12 states.

Today, the Consumer Financial Protection Bureau (Bureau) issued a consent order against Service 1st Mortgage, Inc. (Service 1st), a mortgage broker based in Glen Burnie, Maryland that is licensed in about 12 states.

Read more / Original news source: https://www.consumerfinance.gov/about-us/newsroom/cfpb-settles-sixth-mortgage-company-deceptive-loan-advertisements-servicemembers-veterans/

Consumer Financial Protection Bureau Settles with Fifth Mortgage Company to Address Deceptive Loan Advertisements Sent to Servicemembers and Veterans

Today, the Consumer Financial Protection Bureau issued a consent order against Hypotec, Inc., a mortgage broker based in Miami, Florida that is licensed in eight states.

Today, the Consumer Financial Protection Bureau issued a consent order against Hypotec, Inc., a mortgage broker based in Miami, Florida that is licensed in eight states.

Read more / Original news source: https://www.consumerfinance.gov/about-us/newsroom/cfpb-settles-fifth-mortgage-company-deceptive-loan-advertisements-servicemembers-veterans/

Consumer Financial Protection Bureau Issues Analysis of HMDA Data Points

The Consumer Financial Protection Bureau issued a new Home Mortgage Disclosure Act analysis of the 2019 HMDA Data. This data article is the second in a series and follows the first article published in June of this year.

The Consumer Financial Protection Bureau issued a new Home Mortgage Disclosure Act analysis of the 2019 HMDA Data. This data article is the second in a series and follows the first article published in June of this year.

Read more / Original news source: https://www.consumerfinance.gov/about-us/newsroom/cfpb-issues-analysis-hmda-data-points/

Consumer Financial Protection Bureau Settles with Fourth Mortgage Company to Address Deceptive Loan Advertisements Sent to Servicemembers and Veterans

The Consumer Financial Protection Bureau issued a consent order against PHLoans.com, Inc. (PHLoans), a California corporation that is licensed as a mortgage broker or lender in about 11 states.

The Consumer Financial Protection Bureau issued a consent order against PHLoans.com, Inc. (PHLoans), a California corporation that is licensed as a mortgage broker or lender in about 11 states.

Read more / Original news source: https://www.consumerfinance.gov/about-us/newsroom/cfpb-settles-fourth-mortgage-company-deceptive-loan-advertisements-servicemembers-veterans/

Consumer Financial Protection Bureau Settles with Third Mortgage Company to Address Deceptive Loan Advertisements Sent to Servicemembers and Veterans

The Consumer Financial Protection Bureau issued a consent order against Go Direct Lenders, Inc. (Go Direct), a California corporation that is licensed as a mortgage broker or lender in about 11 states.

The Consumer Financial Protection Bureau issued a consent order against Go Direct Lenders, Inc. (Go Direct), a California corporation that is licensed as a mortgage broker or lender in about 11 states.

Read more / Original news source: https://www.consumerfinance.gov/about-us/newsroom/cfpb-settles-third-mortgage-company-deceptive-loan-advertisements-servicemembers-veterans/

Consumer Financial Protection Bureau Proposes New Category of Qualified Mortgages to Encourage Innovation and Access to Affordable Mortgage Credit

The Consumer Financial Protection Bureau issued a notice of proposed rulemaking to create a new category of seasoned qualified mortgages in order to encourage innovation and help ensure access to responsible, affordable in the mortgage credit market.

The Consumer Financial Protection Bureau issued a notice of proposed rulemaking to create a new category of seasoned qualified mortgages in order to encourage innovation and help ensure access to responsible, affordable in the mortgage credit market.

Read more / Original news source: https://www.consumerfinance.gov/about-us/newsroom/cfpb-proposes-new-category-qualified-mortgages-encourage-access-affordable-mortgage-credit/