A new scholarship program for aspiring teen real estate professionals, the CFPB’s digging for “junk fees” and interest rate cuts across the Atlantic. From the wild and wooly world of real estate, here are the Hits and Misses for the week of May 27-31. Hit: Educating...
The Consumer Financial Protection Bureau (CFPB) has begun a public inquiry into mortgage closing costs, claiming that so-called “junk fees” are inflating these costs. The agency issued a request for information regarding which fees are subject to competition, how fees...
Mortgage Bankers Association (MBA) President and CEO Bob Broeksmit criticized the Biden administration for working against the best interests of housing market professionals, observing that “it sometimes feels like it is attacking you directly and injuring the...
The U.S. Supreme Court issued a 7-2 ruling that declared the funding mechanism of the Consumer Financial Protection Bureau (CFPB) did not run afoul of the Appropriations Clause of the Constitution. The case, Consumer Financial Protection Bureau v. Community Financial...
The Consumer Financial Protection Bureau (CFPB) is pursuing the Biden administration’s campaign against so-called junk fees by publishing an edition of Supervisory Highlights featuring what the agency described as its actions “to combat junk fees charged by mortgage...
Equifax Says Nearly 2,000 Mortgage Firms Used Its VantageScore Offer
