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The CFPB ordered Fay Servicing to pay a $2 million penalty for violations of mortgage servicing laws, and for violations of a 2017 agency order.
La CFPB le ordenó a Fay Servicing pagar una multa de $2 millones por violaciones cometidas a las leyes sobre la administración de hipotecas y por violar una orden de la agencia recibida en el 2017.
The CFPB released an advisory opinion and research report on a form of home seller financing that is often referred to as contract for deed.
La CFPB publicó una opinión consultiva y un reporte investigativo sobre una forma de financiamiento que es frecuentemente llamada contrato por escrituras.
Director Rohit Chopra discussed contracts for deed and the CFPB’s housing efforts at a field hearing in St. Paul, Minnesota.
The CFPB proposed new rules to make it easier for homeowners to get help when they are struggling to pay their mortgage.
La CFPB propone nueva normativa para facilitarles a los propietarios de viviendas recibir asistencia, cuando tengan dificultades para pagar sus hipotecas.
CFPB y Departamento de Justicia demandan a la compañía desarrolladora y prestamista Colony Ridge por hacer ofertas falsas y ofrecer financiamiento predatorio.
The Consumer Financial Protection Bureau and the Justice Department sued Colony Ridge for operating an illegal land sales scheme and targeting Hispanic borrowers.
Director Chopra delivered remarks on the joint CFPB/DOJ action against Colony Ridge.
By
Rohit Chopra
Director Chopra delivered prepared remarks on the CFPB’s mortgage rules.
Today, the Consumer Financial Protection Bureau (CFPB) issued guidance on debt collectors, covered by the Fair Debt Collection Practices Act, threatening to foreclose on homes with mortgages past the statute of limitations.
Director Chopra hosted a discussion with local community organizations, advocates, leaders, and members of the public about “zombie” second mortgages and other debt collection issues.
CFPB emite directrices a cobradores, cubiertos por la Ley de Prácticas Justas en el Cobro de Deudas, que amenacen con ejecutar viviendas que tengan hipotecas caducadas.
The Consumer Financial Protection Bureau (CFPB) today finalized amendments to the federal mortgage servicing regulations to reinforce the ongoing economic recovery as the federal foreclosure moratoria are phased out and which will help protect mortgage borrowers from unwelcome surprises as they exit forbearance.
The Consumer Financial Protection Bureau (CFPB) today proposed a set of rule changes intended to help prevent avoidable foreclosures as the emergency federal foreclosure protections expire.
The Consumer Financial Protection Bureau (CFPB) today warned mortgage servicers to take all necessary steps now to prevent a wave of avoidable foreclosures this fall. Millions of homeowners currently in forbearance will need help from their servicers when the pandemic-related federal emergency mortgage protections expire this summer and fall. Servicers should dedicate sufficient resources and staff now to ensure they are prepared for a surge in borrowers needing help. The CFPB will closely monitor how servicers engage with borrowers, respond to borrower requests, and process applications for loss mitigation. The CFPB will consider a servicer’s overall effectiveness in helping consumers when using its discretion to address compliance issues that arise.
On December 18, 2020, the Consumer Financial Protection Bureau issued a consent order against Seterus, Inc. and Kyanite Services, Inc., as Seterus’s successor in interest, based on the Bureau’s finding that Seterus violated the Consumer Financial Protection Act of 2010 and Regulation X.
Consumer Financial Protection Bureau Director Kathleen L. Kraninger makes statement after the U.S. Department of Housing and Urban Development and the Federal Housing Finance Agency announced a moratorium on foreclosures and evictions.
Bureau Also Seeks Comment on Separate Proposed Rule Modifying Timing Requirements for Bankruptcy Periodic Statements.
The Bureau today finalized new measures to ensure that homeowners and struggling borrowers are treated fairly by mortgage servicers. The updated rule...
The Bureau today outlined consumer protection principles to guide mortgage servicers, investors, government housing agencies, and policymakers as they...
CFPB Releases Special Edition of Supervision Highlights and Updates Mortgage Servicing Exam Procedures.
Today, the Bureau proposed additional measures to ensure that homeowners and struggling borrowers are treated fairly by mortgage servicers. The proposal...
Along with other cases from federal and state partners, today we charged that mortgage rescue scammers have taken $25 million in illegal advance fees from consumers. It serves as a reminder of how important it is to watch out for scam artists trying to take advantage of people who need help avoiding foreclosure. Read more to learn how to protect yourself from these scams.
