The FFIEC today announced the availability of data on 2020 mortgage lending transactions at 4,475 U.S. financial institutions reported under HMDA.
Today, the Bureau announced several new leaders within the Bureau, as well as the appointment of new consumer finance experts from outside the federal...
A conventional loan is any mortgage loan that is not insured or guaranteed by the government (such as under Federal Housing Administration, Department of Veterans Affairs, or Department of Agriculture loan programs).
Reverse mortgage loans typically must be repaid, usually by selling the home, when the last borrower dies. However, non-borrowing spouses may be able to stay in the home if they meet certain criteria.
It is possible to qualify for a mortgage after a foreclosure. However, foreclosure will hurt your credit.
Find answers to questions about getting a mortgage, paying your mortgage, or reverse mortgages.
The loan-to-value (LTV) ratio is a measure comparing the amount you are financing with the appraised value of the property. The higher your down payment, the lower your LTV ratio.
No. When you take out a reverse mortgage loan, the title to your home remains with you.
The Consumer Financial Protection Bureau issued a new Home Mortgage Disclosure Act analysis of the 2019 HMDA Data. This data article is the second in a series and follows the first article published in June of this year.
On July 27, 2022, the Bureau, together with the United States Department of Justice (DOJ), filed a complaint and proposed consent order in the United States District Court for the Eastern District of Pennsylvania to resolve their allegations against Trident Mortgage Company, LP (Trident).
Today, the CFPB issued its annual report on Home Mortgage Disclosure Act data.
The Consumer Financial Protection Bureau (Bureau) issued today an interim final rule (IFR) that will make it easier for consumers to transition out of financial hardship caused by the COVID-19 pandemic and easier for mortgage servicers to assist those consumers.
Shopping around for a mortgage loan will help you get the best deal. Start with an internet search, or contact banks, credit unions, and other lenders and brokers in your area.
Today, we're reminding lenders that placing unnecessary documentation requirements on recipients of Social Security disability income, including disabled...
We're announcing an enforcement action against a lender that wrongfully used the logos of the Department of Veterans Affairs (VA) and the Federal Housing...
Our tool comes loaded with data from the Home Mortgage Disclosure Act (HMDA). You can use our tool to explore information about loans, lenders, properties...
Private mortgage insurance (PMI) is a type of mortgage insurance you might be required to buy if you take out a conventional loan with a down payment of less than 20 percent of the purchase price.
Homeowners who are struggling to make mortgage payments because of a COVID-19 related hardship, or who got a mortgage forbearance that is coming to an end, should talk to their mortgage servicer or a HUD-approved housing counselor about options and next steps.
Before shopping for a home and mortgage, use our step-by-step guide to check your credit, assess your finances, set your budget, and more.
Servicers are trying several techniques to reach struggling homeowners affected by the COVID-19 pandemic. Millions 0f homeowners need help understanding their options, and the volume of homeowners requesting assistance in the coming months will be increasing and good communication with their servicer will be vital.
