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CFPB Issues Warning on Contract-for-Deed Transactions

CFPB Issues Warning on Contract-for-Deed Transactions

by Phil Hall | Aug 14, 2024 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The Consumer Financial Protection Bureau (CFPB) has released an advisory opinion and research report highlighting predatory lending concerns related to contract-for-deed home selling. In a press statement, the CFPB warned that contract-to-deed transactions “often have...
A Phil Hall Op-Ed: Why Did the CFPB Slam the Residential Solar Lender Sector?

A Phil Hall Op-Ed: Why Did the CFPB Slam the Residential Solar Lender Sector?

by Phil Hall | Aug 12, 2024 | A Phil Hall Op-Ed, Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A Phil Hall Op-Ed: It is extremely rare for a government agency to publish anything that is even vaguely negative in connection with green energy, which makes last Thursday’s announcement by the Consumer Financial Protection Bureau (CFPB) regarding solar financing...
CFPB Proposes Rule Changes to Help Prevent Foreclosures

CFPB Proposes Rule Changes to Help Prevent Foreclosures

by Phil Hall | Jul 11, 2024 | Current News & Events, Industry Updates, Real Estate News, WRE News Exclusive

The Consumer Financial Protection Bureau (CFPB) has proposed new rules designed to make it easier for homeowners to get help when they are struggling to pay their mortgage. According to the CFPB, the proposed changes would require mortgage servicers to focus on...
GOP Senators Reintroduce Bill Putting CFPB Funding Under Congressional Appropriation

GOP Senators Reintroduce Bill Putting CFPB Funding Under Congressional Appropriation

by Phil Hall | Jun 20, 2024 | Current News & Events, Industry Updates, Real Estate News, WRE News Exclusive

U.S. Sens. Katie Britt (R-AL) and Bill Hagerty (R-TN) have reintroduced legislation that would make the Consumer Financial Protection Bureau (CFPB) part of the congressional appropriation process. The proposed Consumer Financial Protection Bureau Accountability Act...
CFPB Proposes $3.95 Million Fine Against Freedom Mortgage Corporation

CFPB Proposes $3.95 Million Fine Against Freedom Mortgage Corporation

by Phil Hall | Jun 19, 2024 | Current News & Events, Industry Updates, Real Estate News, WRE News Exclusive

The Consumer Financial Protection Bureau (CFPB) announced it has filed a proposed order that would enact a $3.95 million fine against Freedom Mortgage Corporation for submitting “error-riddled mortgage loan data” to federal regulators. The proposed order would also...
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