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CFPB Focuses on Mortgage Servicers’ Compliance with Consumer Financial Laws

On January 17, the Consumer Financial Protection Bureau (CFPB) issued a statement emphasizing its ongoing efforts to ensure that mortgage servicers comply with federal consumer financial regulations. The bureau’s action follows a review of the industry, which revealed troubling practices, particularly among certain servicers who have failed to send periodic statements to homeowners with loans that have accrued interest and fees. These loans are often part of a category known as “zombie second mortgages,” which homeowners mistakenly believed had been forgiven or resolved years ago.

Jan 21

2

min read

Wealthy Women Are Transforming the Luxury Real Estate Market

Jan 8

2

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The Frozen Housing Market: Challenges Persist into 2025

Jan 3

3

min read

Century 21 CEO Optimistic About 2025 Real Estate Market, Highlights Key Insights for Buyers

Dec 16

2

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Experts Weigh in on Whether Home Prices Will Fall in 2025

Nov 13

2

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More News

U.S. Office Market Shows Signs of Stabilizing After Significant Discount Sales The U.S. office market is showing early signs of recovery after a prolonged period of declines, driven by a wave of significant discount sales that have helped clear some of the overhang of vacant properties.

Oct 8

2

min read

Mortgage Rates Drop to 6.09%, Sparking Optimism in the Housing Market The U.S. housing market is showing renewed signs of optimism as mortgage rates have dropped to 6.09%, marking their lowest level in several months.

Sep 21

4

min read