Newsroom | Consumer Financial Protection Bureau

Press release

Published JUN 18, 2024

CFPB Takes Action Against Repeat Offender Freedom Mortgage Corporation for Violating Law Enforcement Order and for Housing Data Errors

The CFPB filed a proposed order that would require Freedom Mortgage Corporation to pay a $3.95 million penalty for submitting error-riddled mortgage loan data.

Press release

Published MAY 30, 2024

CFPB Launches Inquiry into Junk Fees in Mortgage Closing Costs

The Consumer Financial Protection Bureau (CFPB) today launched a public inquiry into junk fees that are increasing mortgage closing costs.

Speech

Published MAY 30, 2024

Prepared Remarks of CFPB Director Rohit Chopra at a White House Event Convening on Mortgage Closing Costs

CFPB Director Rohit Chopra delivered prepared remarks on the agency’s public inquiry into junk fees in mortgage closing costs.

By Rohit Chopra

Press release

Published MAY 30, 2024

CFPB Investiga Tarifas Inesperadas en Costos de Cierre | CFPB

La CFPB lanzó recientemente una solicitud pública de información sobre la existencia de tarifas inesperadas que aumentan los costos de cierre.

Press release

Published APR 05, 2024

CFPB Finds Americans are Paying Upfront Fees Seeking to Lower Interest Rates on Mortgages

The CFPB issued a new report today finding that more borrowers paid “discount points” upfront as overall interest rates rose.

Press release

Published APR 05, 2024

CFPB revela que se están pagando tarifas para reducir tasas de interés

CFPB publica nuevo reporte donde revela que más prestatarios pagaron por “punto de descuento” mientras las tasas de interés aumentan.

Director's statement

Published MAR 18, 2024

Submission of CFPB Director Rohit Chopra to the Appraisal Subcommittee Regarding Oversight of the Appraisal Foundation

On March 8, 2024, CFPB Director Rohit Chopra submitted a comment to the Appraisal Subcommittee regarding oversight of The Appraisal Foundation.

Press release

Published DEC 20, 2023

CFPB y Departamento de Justicia Demandan a la Compañía Desarrolladora y Prestamista Colony Ridge por hacer Ofertas Falsas y Ofrecer Financiamiento Predatorio

CFPB y Departamento de Justicia demandan a la compañía desarrolladora y prestamista Colony Ridge por hacer ofertas falsas y ofrecer financiamiento predatorio.

Press release

Published DEC 20, 2023

CFPB and Justice Department Sue Developer and Lender Colony Ridge for Bait-and-Switch Land Sales and Predatory Financing

The Consumer Financial Protection Bureau and the Justice Department sued Colony Ridge for operating an illegal land sales scheme and targeting Hispanic borrowers.

Press release

Published NOV 28, 2023

CFPB Orders Bank of America to Pay $12 Million for Reporting False Mortgage Data

The Consumer Financial Protection Bureau (CFPB) today ordered Bank of America to pay a $12 million penalty for submitting false mortgage lending information to the federal government under a long-standing federal law.

Press release

Published OCT 10, 2023

CFPB demanda al infractor reincidente Freedom Mortgage Corporation por entregar información falsa a reguladores federales

La CFPB presenta una demanda ante un tribunal federal en la que alega que Freedom Mortgage Corporation presentó datos sobre sus préstamos hipotecarios, los cuales son exigidos por la ley, que estaban plagados de errores.

Press release

Published OCT 10, 2023

CFPB Sues Repeat Offender Freedom Mortgage Corporation for Providing False Information to Federal Regulators

The Consumer Financial Protection Bureau (CFPB) filed a lawsuit in federal court today, alleging that Freedom Mortgage Corporation submitted legally-required mortgage loan data that was riddled with errors.

Press release

Published SEP 27, 2023

CFPB Mortgage Report Finds Jumps in Closing Costs and Denials for Insufficient Income, Growing Proportion of Cash-Out Refinances

Today, the Consumer Financial Protection Bureau (CFPB) released its annual report on residential mortgage lending activity and trends.

Director's statement

Published SEP 27, 2023

Statement of CFPB Director Rohit Chopra on Mortgage Market Activity and Trends

Today, the CFPB issued its annual report on Home Mortgage Disclosure Act data.

Op-ed Speech

Published SEP 11, 2023

Prepared Remarks of CFPB Director Rohit Chopra at The Mortgage Collaborative National Conference

Director Chopra delivered prepared remarks on the CFPB’s mortgage rules.

Press release

Published AUG 17, 2023

CFPB sanciona a Freedom Mortgage y a Realty Connect por cobrar comisiones ilegales

Este prestamista incentivó a Realty Connect y otras compañías de corretaje para que le dieran referencias hipotecarias.

Press release

Published AUG 17, 2023

CFPB Penalizes Freedom Mortgage and Realty Connect for Illegal Kickbacks

Lender provided incentives to Realty Connect and other brokerages in exchange for mortgage referrals