The monthly payment includes all charges agreed to in the purchase contract, including the principal and the interest on your loan, and any optional add-ons.
There are many options for making down payments. The amount of your down payment will vary by the loan you choose and the lender’s requirements.
An inquiry is a request to look at your credit file for the purpose of determining your credit worthiness, and it generally falls into one of two types.
For higher-risk mortgage loans, the proposed rule would require creditors to use a licensed or certified appraiser who prepares a written report based on a...
When you are buying a home you generally pay all of the costs associated with that transaction. However, depending on the contract or state law, the seller may end up paying for some of these costs.
To figure out which mortgage closing services you can shop for, you will need your Loan Estimate. You can shop for all of the services listed in section C of page 2 of your Loan Estimate.
On December 7, 2020, the Consumer Financial Protection Bureau (Bureau) filed a complaint and proposed stipulated judgment and order against Nationstar Mortgage, LLC, which does business as Mr. Cooper (Nationstar).
Seven federal regulatory agencies today issued guidance to clarify that the privacy provisions of the Gramm-Leach-Bliley Act generally permit financial...
The CFPB is carrying out a regulatory implementation initiative for our new mortgage rules to ensure that they are implemented accurately and effectively...
Under the Regulatory Flexibility Act, federal agencies must publish regulatory agendas twice a year. As an independent regulatory agency, we have been voluntarily participating in the Unified Agenda, which is led by the Office of Management and Budget (OMB).
No. When you take out a reverse mortgage loan, the title to your home remains with you.
Following the recent tornadoes and heavy storms, here are tips to help you recover financially and prepare in case of a season of severe weather.
Today, the Consumer Financial Protection Bureau (CFPB) took action against Loan Doctor to resolve the CFPB’s claims that the company and its founder, Edgar Radjabli, broke the law by deceiving consumers into thinking they were depositing funds into a guaranteed return savings product within a commercial bank.
In the wake of Hurricane Idalia, the CFPB has resources to help people in Florida, Georgia, the Carolinas and nearby states recover financially. We also have tips for people sending help to communities who have been affected.
A Consumer Financial Protection Bureau report examining the effects of the COVID-19 pandemic found that consumer credit applications declined substantially in March.
Tropical Storm Debby caused heavy flooding all over the eastern part of the country. We have tips to help you get back on your feet financially and prepare for an active storm season.
When you sell your home your reverse mortgage loan will need to be paid back.
Becoming a homeowner is a significant financial step and commitment. There are a few considerations to keep in mind, including understanding the costs of homeownership.
Six federal financial regulatory agencies are proposing joint standards for assessing the diversity policies and practices of the institutions they regulate.
Collects and reports driving behavior data using telematics technology collected through mobile devices, or other processes to insurance companies. Driving behaviors reported may include braking and acceleration patterns, vehicle speed, time of drive and distance traveled. CAS is an affiliate of Toyota.
