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mortgage

New CFPB mortgage rules go into effect on January 10

Safeguards aim to ensure borrowers are treated fairly and don’t end up with a mortgage they can’t afford

Categories: CFPB, Mortgages
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Nevada Homeowner Bill of Rights

The purpose of the Nevada Homeowner Bill of Rights is to increase predictability for all parties involved in the foreclosure process and provide strong but fair accountability measures by extending protections to all residential mortgages written in Nevada.

Categories: Mortgages
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U.S. Sues Bank of America for Countrywide’s “Brazen” Mortgage Hustle

By Norma Garcia   The Washington Post reported today that the top federal U.S. prosecutor in Manhattan filed a civil lawsuit against Bank of America for more than $1 billion for mortgage fraud.  The complaint filed by the US Attorney seeks to recover damages and penalties for a scheme to defraud Fannie Mae and Freddie Continue Reading

Categories: Mortgages
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Reverse mortgage reforms needed to protect seniors

Consumers Union renews call for stricter oversight of reverse mortgages as the CFPB holds a field hearing on the topic

Categories: CFPB, Mortgages
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Consumer Beware: Scams Related to the National Mortgage Settlement

By Norma Garcia The Department of Justice and the 49 attorneys general who are parties to the National Mortgage Settlement reached on February 10th with the five major banks/servicers are warning the public to beware of scams related to the settlement.  There are already scammers at work pitching their services to the unwary, trying to Continue Reading

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New details announced on Obama’s mortgage crisis investigation

In his State of the Union Address on Tuesday, President Obama announced the creation of a special new joint federal-state Task Force charged with investigating the mortgage crisis and the resulting damage to homeowners and investors.  The Task Force is known as the Residential Mortgage-Backed Securities Working Group.  President Obama announced that New York Attorney Continue Reading

Categories: Credit, Mortgages
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