A Veterans Day complaint review: VA home loan refinancing
Our report highlights trends and issues reported in servicemember complaints about VA mortgage refinances. We also have direct-to-consumer tips to remember...
Blog archive
We’ve updated our mortgage servicing rules to provide greater protections for mortgage borrowers and other homeowners
Today we finalized new changes to our mortgage servicing rules. These updates ensure that mortgage servicers treat homeowners and struggling borrowers...
Consumers Count: Tools and resources for money decisions
Take control of your financial life with these ten tools that can help you make choices at the grocery store, pay your credit card bill, and deal with debt...
Redlining: CFPB and DOJ action requires BancorpSouth Bank to pay millions to harmed consumers
BancorpSouth Bank will pay $10.6 million to address redlining and other discrimination claims. After, for the first time, we used undercover testers to help...
Mortgage Moves: How many loan offers will you get?
Let's look at what happens when you find the right home. It's easy to get excited about the thought of owning your own home, but not about the process of...
Mortgage Moves: What kind of mortgage will you get?
Choosing the right mortgage isn't quite as fun as shopping for the right home, but it's just as important. Most people will need a mortgage to buy a home...
Mortgage Moves: How will you approach your search?
Note: This is the third blog in a series where you can make choices about buying your first home. Once you have a target home price in mind, you may feel...
Mortgage Moves: How much can you afford?
A home may be the most expensive thing you will ever buy, and it can be hard to figure out how much you can afford. How will you decide how much to spend on...
Mortgage Moves: Where will you start?
We have a lot of information to help you through the process of getting a mortgage. In this blog series, we'll help you think about factors you'll likely...
CFPB’s new rule will shine light on mortgage market practices
Today the CFPB is updating the Home Mortgage Disclosure Act (HMDA) requirements with a new rule that will shine more light on lending practices in America's...
Know Before You Owe: New mortgage disclosures, new rule
Today, the process of getting a mortgage is easier to understand because the Know Before You Owe mortgage disclosure rule is now in effect. We've put...
Understanding the mortgage process: Your home loan toolkit
To help you navigate the steps you have to take to get a mortgage, take a look at our new booklet, "Your Home Loan Toolkit: A Step-By-Step Guide." This...
Know Before You Owe: Closing Disclosure
The Closing Disclosure is a five-page form that helps you understand the key features, costs, and risks of your mortgage loan. These changes make it easier...
Know Before You Owe: Loan Estimate
The new form is part of our Know Before You Owe mortgage disclosure rule that's making the mortgage process work better for you. The Loan Estimate uses...
HMDA data shows more people took out a mortgage to purchase a home in 2014 than 2013
As part of our work to educate consumers to make informed financial decisions, we at the CFPB—along with the other members of the FFIEC—are committed to...
Buying a House: The homebuyer’s trusted resource
At the CFPB, we are working to make the process of getting a mortgage simpler and easier to understand. Part of that work is a new rule that improves...
Know Before You Owe: Making the mortgage process easier for you
You have the right to compare offers and understand the terms before you sign on the dotted line. After four years of work, these new forms and tools will...
Three things to do before closing: What we learned from studying eClosing
Today we're releasing the results of a pilot program where we explored tools and process changes that can help consumers better navigate closing by...
Live from CFPB: Forum on Know Before You Owe eClosing pilot
Today, we held a forum on our Know Before You Owe eClosing pilot findings here at the CFPB. The forum featured remarks from Director Richard Cordray, as...
You have the right to a fair financial marketplace
Since 2011, we have secured over $10.8 billion dollars in relief for more than 25 million consumers harmed by illegal practices.
The Know Before You Owe mortgage rule will take effect October 3, 2015
Today, we're issuing a final rule delaying the effective date for the Know Before You Owe mortgage disclosure rule to October 3, 2015. The Know Before You...
Save the date, Know Before You Owe Forum on eClosing
The forum will take place on Wednesday, August 5 at 1 p.m. EDT, and will feature remarks from Director Richard Cordray, as well as a panel discussion with...
Applying for a mortgage can be complicated: Navid’s story
We know that buying a home can be complicated, and that's why we've created tools to help home buyers understand and shop for mortgages. We're glad that...
Know Before You Owe: You’ll get 3 days to review your mortgage closing documents
Giving you three business days to review your Closing Disclosure before you sign on the dotted line is designed to protect you from surprises at the closing...
Spring 2015 rulemaking agenda
An important part of our mandate is to make rules more effective and create new rules when necessary. Today, we're posting a semi-annual update of our...
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