Conventional homebuying advice focuses heavily on the money you’ll need to save up for a down payment but gives less attention to the notable sum required to cover closing costs. It’s no surprise, ...
On April 24, 2024, the CFPB released its Supervisory Highlights, Mortgage Servicing Edition, (Issue 33, Spring 2024) which provides insight on the CFPB’s current focus in examining mortgage loan ...
Federal regulators want to know how excessive fees and junk fees are pushing up mortgage closing costs, which have risen by more than 36% since 2021, according to a government analysis. And they’re ...
Continuing its vigorous effort to eliminate so-called “junk fees,” and detailing other problematic mortgage servicer activities, the Consumer Financial Protection Bureau (CFPB) recently released its ...
Many new buyers think mortgage fees are non-negotiable. You apply to a lender, complete mountains of paperwork, get the approval and pay a fixed rate that the lender sets — end of story. Nope, not ...
The Consumer Financial Protection Bureau (CFPB) on Wednesday released a new edition of its Supervisory Highlights publication, which includes the agency’s actions to combat what it calls “junk fees ...
New release from CFPB lays out areas of improvement, and concern, for mortgage servicers. The Consumer Financial Protection Bureau (CFPB) today published new supervisory highlights describing the ...
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