Thank you for having me. I also want to thank the Reverend Jackson for his continuing support of the Consumer Financial Protection Bureau and for the invitation to join you. I am glad to have the chance to tell you how we are working to level the playing field for consumers in financial markets.
We’ve been alerted to continued reports of mortgage
closing scams. According to reports, scammers target the homebuyers nearing their
closing date and use email to pose as real estate professionals and/or settlement
agents and get the consumer to transfer closing funds to an account controlled
by the scammer.
a homeowner is a big decision—both personally and financially. As you decide
whether owning a home is the right choice for you right now, here are some financial
considerations to keep in mind.
are seeking comment on our proposal to clarify, make technical corrections, and
minor changes to the data that financial institutions are required to collect
and report about their mortgage lending, which will improve the quality of
mortgage data available to the public.