Prepared Remarks of CFPB Director Richard Cordray on the HMDA Press Call
Thank you for joining us. Today we are taking important steps to improve information about the residential mortgage market. As Congress required in the...
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CFPB Commends HUD’s Action to Improve Mortgage Closing Process
Today, the Department of Housing and Urban Development (HUD) announced that they will be accepting electronic signatures on documents associated with...
CFPB Supervision Report Highlights Mortgage Servicing Problems In 2013
The Bureau today issued a report highlighting problems like unfair and deceptive practices in the mortgage servicing market uncovered through the Bureau's...
CFPB Takes Action Against PHH Corporation for Mortgage Insurance Kickbacks
Today, the Bureau initiated an administrative proceeding against PHH Corporation and its affiliates (PHH), alleging PHH harmed consumers through a mortgage...
Written Testimony of CFPB Director Richard Cordray Before the House Committee on Financial Services
Chairman Hensarling, Ranking Member Waters, and Members of the Committee, thank you for inviting me to testify today about the fourth Semi-Annual Report of...
Prepared Remarks of CFPB Director Richard Cordray at the U.S. Conference of Mayors
Thank you for inviting me to come speak with you once again. When I was here in 2012, the Bureau had just opened its doors. Today, I come to you after more...
CFPB Takes Action Against Mortgage Kickbacks
Bureau Orders Missouri Lender to Pay $81,000 for Illegal Kickback Scheme Today the Bureau ordered a Missouri mortgage lender, Fidelity Mortgage Corporation...
Prepared Remarks of CFPB Director Richard Cordray at the Phoenix Field Hearing
When people are making decisions about buying a home, they deserve the best possible guidance. Housing counselors and legal aid lawyers provide that sort of...
New mortgage rules protect American dream
Crossposted from USAToday.com. This opinion editorial originally ran on January 7, 2014 online and in the print edition on January 8, 2014. Let me tell you...
Prepared Remarks of Director Richard Cordray at the National Association of Realtors
Thank you for having me today and I bring all of you good tidings of great joy for the new year. If you are like me, change comes hard and I will still find...
CFPB Releases New Mortgage Rule Resources for Consumers
Today the Bureau released additional resources for consumers as part of its campaign to educate the public about the new protections provided by the...
CFPB Announces Increase in Higher-Priced Mortgage Loans Escrow Account Asset-Size Threshold
The Bureau today issued a final rule adjusting the asset-size threshold for certain creditors to qualify for an exemption from the requirement to establish...
CFPB and DOJ Take Action Against National City Bank for Discriminatory Mortgage Pricing
Today, the Bureau and the Department of Justice (DOJ) filed a joint complaint against National City Bank for charging higher prices on mortgage loans to...
Prepared Remarks of CFPB Director Richard Cordray on the Ocwen Enforcement Action Press Call
Today the Bureau, authorities in 49 states, and the District of Columbia are filing a proposed court order requiring the country's largest nonbank mortgage...
CFPB, State Authorities Order Ocwen to Provide $2 Billion in Relief to Homeowners for Servicing Wrongs
Largest Nonbank Servicer Will Also Refund $125 Million to Foreclosure Victims and Adhere to Significant New Homeowner Protections Today, the Bureau...
CFPB Launches Nationwide Education Campaign About New Mortgage Rules
Materials Offer Consumers Tips on Taking Advantage of New Protections Today, the Bureau launched a campaign to educate the public about the new protections...
Agencies Issue Final Rule to Exempt Subset of Higher-Priced Mortgage Loans from Appraisal Requirements
Six federal financial regulatory agencies today issued a final rule that creates exemptions from certain appraisal requirements for a subset of...
Prepared Remarks of Director Cordray at the Consumer Federation of America
The Consumer Federation of America has been one of our foremost and fiercest allies for consumers. I would like to thank everyone here for your leadership...
Director Cordray Remarks At The Clearing House Annual Conference
Prepared Remarks of Richard Cordray Director of the Bureau The Clearing House Annual Conference November 21, 2013 Thank you so much for having me here...
Director Cordray Remarks at the “Know Before You Owe” Mortgage Field Hearing
Prepared Remarks of Richard Cordray Director of the Bureau "Know Before You Owe" Mortgage Field Hearing Boston, MA November 20, 2013 The dream of having a...
CFPB Finalizes “Know Before You Owe” Mortgage Forms
New Forms Improve Consumer Understanding, Aid Comparison Shopping, and Help Prevent Surprises The Bureau is issuing a rule today requiring easier-to-use...
Prepared Remarks by Rohit Chopra Before the Federal Reserve Bank of St. Louis
Thank you to President Jim Bullard and everyone at the Federal Reserve Bank of St. Louis for inviting me to speak today on the impact of rising student debt...
The CFPB Takes Action Against Mortgage Insurer to End Illegal Kickbacks to Lenders
Republic Mortgage Insurance Corporation to Pay $100,000 Fine and Halt Illegal Activity The Bureau today took action against Republic Mortgage Insurance...
Written Testimony of Director Cordray Before the Senate Committee on Banking, Housing and Urban Affairs
Chairman Johnson, Ranking Member Crapo, and Members of the Committee, thank you for inviting me to testify today about the fourth Semi-Annual Report of the...
CFPB Launches Tool to Help Consumers Find Housing Counselors
Today, the Bureau launched a tool to help consumers find local housing counseling agencies to answer their questions or address their concerns. The Bureau...