An update to the VA home loan program, the CFPB trying to help mortgage originators and Jack in the Box marching into Georgia. From the wild and wooly world of real estate, here are our Hits and Misses for the week of June 10-14. Hit: Score One for the VA. This week,...
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...
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...
The Consumer Financial Protection Bureau (CFPB) has issued a guidance related to legal requirements that lenders must follow when using artificial intelligence (AI) and other complex models. The CFPB noted that creditors often use complex algorithms with large...
The Consumer Financial Protection Bureau (CFPB) has levied a $1.75 million fine against Freedom Mortgage Corp., accusing the Boca Raton, Florida-based lender of providing illegal incentives to real estate brokers and agents in exchange for mortgage loan referrals. The...
UWM Says VantageScore 4.0 Improves Results for 1 in 4 Borrowers
