In this update to our May 2020 report examining the effects of the COVID-19 Pandemic on credit applications, we find that credit card inquiries were still 30 percent below their pre-pandemic levels in September, while auto loans were depressed by 20 percent.
Some homeowners struggling to pay their mortgage now have a little extra time to seek help.
Homeowners who are struggling to make mortgage payments because of a COVID-19 related hardship, or who got a mortgage forbearance that is coming to an end, should talk to their mortgage servicer or a HUD-approved housing counselor about options and next steps.
What you need to know if you are thinking about using home equity to cover expenses during the coronavirus pandemic
The Bureau took steps to make it easier for consumers with urgent financial needs due to the coronavirus pandemic to access mortgage credit more quickly. If you are considering using home equity right now, it is important to understand what this means for you and look at all of your options to determine the best choice for your finances now, and in the future.
Lo que necesita saber si está pensando en usar el valor acumulado de su vivienda para cubrir sus gastos durante la pandemia del coronavirus
El CFPB ha tomado pasos para hacer más fácil y rápido el acceso al crédito hipotecario, para aquellos consumidores que tengan necesidades financieras urgentes. Si está considerando usar el valor acumulado de su vivienda en estos momentos, es importante que entienda qué significa esto para usted, y que evalúe todas sus opciones para que así, determine cuál es la mejor de ellas para sus finanzas, ahora y en el futuro.
소비자 금융 보호국은 코로나 바이러스로 인해 급하게 금전적 도움이 필요한 소비자들이 모기지 대출을 보다 쉽게 받을 수 있도록 조치를 취했습니다. 지금 당장 주택 담보(홈 에퀴티)를 생각하고 계시다면 귀하의 현재와 앞으로의 재정 상태를 고려해 봤을 때 가장 좋은 옵션이 무엇인지 충분히 이해하는 것이 가장 중요합니다.
Tips for staying on top of your finances during the coronavirus pandemic, particularly if you’ve dodged income loss or major expenses.
Consejos para que se mantenga al día con sus finanzas durante la pandemia del coronavirus, particularmente si no ha perdido sus ingresos o no ha tenido grandes gastos.
The Consumer Financial Protection Bureau released a new Market Snapshot that explores first-time homeownership. For households attempting to transition from renting to owning, shifts in the housing and mortgage markets can play a large role in whether they can afford to buy a home. This report investigates the prevalence and ease of first-time homeownership today by comparing current and historical market trends.
You might have heard that LIBOR is going away. Here’s what you need to know about LIBOR and adjustable-rate loans.
LIBOR is expected to be discontinued sometime after 2021. Here is information to help consumers understand this market-wide change.
Your Loan Estimate and Closing Disclosure explain the specific costs and terms of a mortgage loan that you have applied for – here’s what you should know and how to read them.
La Estimación del Préstamo y la Declaración de Cierre. Las guías que necesita mientras elije el préstamo hipotecario que más le conviene
La Estimación del Préstamo y la Declaración de Cierre le detallan los costos y términos específicos de cada préstamo al que usted haya aplicado. Le mostramos lo que debe saber sobre ellas y cómo leerlas correctamente.
Hay estafadores aprovechándose de ansiosos compradores de viviendas. Desconfíe de cualquier email que reciba con cambios de último minuto en las instrucciones para pagar o transferir el dinero del cierre.
Cerrar el trato de una vivienda puede ser intimidante, saber que esperar en el proceso, le ayudará a hacerlo más fácil. Le ofrecemos los pasos más importantes para que cierre el trato y obtenga su hipoteca.
The essential steps for closing on a new home.
Scammers are taking advantage of eager homebuyers. Beware of emails with last-minute changes to your payment or wire instructions. Follow a few easy steps to protect yourself and your life savings.
Find the HMDA resources you need.
Let us walk you through each step in the mortgage process.
When buying a house, servicemembers have the option of taking a home loan guaranteed by the U.S. Department of Veterans Affairs (VA). In this report, we combine two datasets to explore how servicemember home loan choices have changed from 2006 to 2016.
A recent law provides additional protections for servicemembers affecting VA refinances, medical debt on credit reports, credit monitoring, and stays on foreclosure. Here’s what to look for in the new laws and when they go into effect.
The Bureau’s Complaint snapshot: Mortgage highlights trends in consumer
submitted complaints about mortgages.
Assessing our rules: Our reports on the Ability to Repay and Qualified Mortgage Rule and the RESPA Mortgage Servicing Rule
The CFPB has released two reports assessing significant rules.
Revisar su crédito es el primer paso para construir una base financiera sólida para su nuevo hogar.
New research report detailing how borrowers are paying off their student loans, what they do after, and what it might mean for their personal finances and the broader economy.
What you need to know to get money from the settlement with BancorpSouth Bank for alleged discrimination
The BancorpSouth Settlement Administrator recently mailed packets to identified consumers with instructions for how to take part in the settlement. If you think you are eligible, you should look for a packet in the mail and follow the instructions.