The U.S. Federal Trade Commission (FTC) is disbursing more than $1.2 million in refunds to borrowers who lost money to Consumer Defense, a fraudulent mortgage modification scheme. The FTC is sending payments to 6,261 consumers who will each receive $201.34. The agency...
The City of Huntington Beach, California, is pressing ahead in a legal challenge against the state’s housing mandates. The Los Angeles Times reported the city filed an appeal in the Ninth Circuit Court of Appeals yesterday seeking a reversal of a November decision...
The Consumer Financial Protection Bureau (CFPB) issued guidance to consumer reporting companies to address inaccuracies in background check reports and problems in credit file sharing practices. According to the agency, the advisory opinion on background check reports...
The U.S. Department of Housing and Urban Development (HUD) announced that its Office of Housing Counseling is allocating $40.25 million in grant funding to support housing counseling services for homebuyers, homeowners, and renters. Through the 2023 Office of Housing...
Dallas-based Mr. Cooper Group Inc. (NASDAQ: COOP) has named Mike Weinbach as its next president, effective Feb. 1. He will succeed Chris Marshall, who also serves as vice chairman and who plans to retire at the end of the year. Weinbach is CEO of consumer lending for...
Florida Realtors Education Foundation Inc. has launched the 2024 edition of its Student Scholarship Program. The program is open to students whose parents are realtors or licensed real estate practitioners, or whose parents are employed by any local realtor board and...
