CFPB - Articles

Consumer Bureau Introduces New Mortgage Tool

AP By Christine DiGangi Successful problem solving often depends on the tools you're given: The better your information, the more equipped you are to identify and solve an issue. That's the idea behind the Consumer Financial Protection Bureau's new mortgage data tool and the new data-reporting requirements it plans to... Continue Reading »

Mortgage Loans: New CFPB Rule Lets Lenders Make the Call on Who Can Afford Them

By Mandi Woodruff When it comes to placing blame on mortgage lenders, regulators or consumers for 2008's crippling housing crisis, it's fair to say each played a role. Yes, banks issued millions of mortgage loans that homebuyers couldn't afford, targeted minorities for subprime loans, and made the entire lending... Continue Reading »

New Mortgage Rules Unveiled by CFPB

Federal regulators for the first time are laying out rules aimed at ensuring that mortgage borrowers can afford to repay the loans they take out. The new mortgage rules being unveiled Thursday by the Consumer Financial Protection Bureau impose a range of obligations and restrictions on lenders, including bans on the risky... Continue Reading »

New Warning on Mortgage Mods: Demand for Up-Front Fees Is a Sure Sign of a Scam

The housing market has been slowly recovering for most of the year, but the fact remains that millions of Americans are still underwater when it comes to what they owe on their mortgage versus the value of their home. As such, many may be looking for some relief, and scammers are now preying on that need. In recent weeks,... Continue Reading »

Consumer Bureau Proposes Rules for Risky Mortgages

By Blake Ellis NEW YORK -- The Consumer Financial Protection Bureau has proposed rules aimed at protecting more borrowers from getting stuck with mortgages carrying high rates and fees or risky terms. The government's consumer watchdog is seeking to allow more consumers to qualify for the protections offered by the Home... Continue Reading »

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