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CFPB Sues Rocket Homes and Jason Mitchell Group Over Alleged Steering and Illegal Kickbacks

CFPB Sues Rocket Homes and Jason Mitchell Group Over Alleged Steering and Illegal Kickbacks

by Phil Hall | Dec 24, 2024 | Current News & Events, Market Snapshot, Real Estate News, WRE News Exclusive

The Consumer Financial Protection Bureau (CFPB) has filed a lawsuit against Rocket Homes, an affiliate of Rocket Companies Inc. (NYSE: RKT), that accuses the company of providing incentives to real estate brokers and agents in exchange for steering homebuyers to...
Sen. Elizabeth Warren Slams Elon Musk’s ‘Delete the CFPB’

Sen. Elizabeth Warren Slams Elon Musk’s ‘Delete the CFPB’

by Phil Hall | Dec 23, 2024 | Current News & Events, Market Snapshot, Real Estate News, WRE News Exclusive

Sen. Elizabeth Warren (D-MA) has criticized Elon Musk’s call to shut down the Consumer Financial Protection Bureau (CFPB), an agency that she helped create. Last month, Musk took to X to declare, “Delete CFPB. There are too many duplicative regulatory agencies.” Musk...
CFPB: Mortgage Servicers Preying on Divorced and Widowed Borrowers

CFPB: Mortgage Servicers Preying on Divorced and Widowed Borrowers

by Phil Hall | Dec 19, 2024 | Current News & Events, Market Snapshot, Mortgage Information, Real Estate News, WRE News Exclusive

The Consumer Financial Protection Bureau (CFPB) published a report this week detailing the negative experiences of homeowners faced with their mortgage company after divorce or the death of an original borrower. According to the CFPB, many homeowners claimed their...

CFPB Finalizes Rule on PACE Loan Protections

by Phil Hall | Dec 18, 2024 | Current News & Events, Market Snapshot, Real Estate News, WRE News Exclusive

The Consumer Financial Protection Bureau (CFPB) has finalized a rule covering existing residential mortgage protections to Property Assessed Clean Energy (PACE) loans. PACE loans are used by homeowners for clean energy upgrades and disaster readiness that are paid...
GOP Lawmakers Warn Biden Agencies to Stop ‘Partisan Rulemakings’ Ahead of Trump’s Inauguration

GOP Lawmakers Warn Biden Agencies to Stop ‘Partisan Rulemakings’ Ahead of Trump’s Inauguration

by Phil Hall | Dec 17, 2024 | Current News & Events, Market Snapshot, Real Estate News, WRE News Exclusive

The current and incoming chairmen of the House Financial Services Committee sent letters to financial regulatory agencies within the Biden administration warning them about last-minute “finalizing partisan rulemakings” ahead of the arrival of the Trump administration....
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