Several mortgage groups are calling on the Consumer Financial Protection Bureau to remove its newly released consumer mortgage education tool, the “Rate Checker”
CFPB Has ‘Zombie Foreclosures’ In Its Crosshairs
The Consumer Financial Protection Bureau is targeting “zombie” foreclosures, a growing problem where borrowers may unknowingly still own a property that they thought the bank had foreclosed upon.
Will New Mortgage Rules Protect Consumers
As of January 10, there are new mortgage rules being enforced by the Consumer Financial Protection Bureau (CFPB). This is a new government bureau created in 2011 as a result of the Great Recession and real estate mortgage crisis that resulted in millions of foreclosures and short sales. The jurisdiction of the bureau includes banks,