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Mortgage customers vent while lenders fume

Mortgage customers vent while lenders fume

From the New York site: Mortgage borrowers by the hundreds are lining up to vent their anger and tell their tales of woe on a federally run consumer complaint website — and the banks...

Mortgage customers vent while lenders fume
Consumer Financial Protection Bureau

Mortgage complaint line brings attention to detail

From the New York website: Move over, Yelp. The federal government’s top consumer agency has just begun allowing mortgage...

Mortgage complaint line brings attention to detail
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Deal with US doesn’t dim Ocwen as portfolio hits $500B

From the New York site: Ocwen Financial Corporation – a company that specializes in servicing large portfolios of underwater,...

Deal with US doesn’t dim Ocwen as portfolio hits $500B
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Shady upselling returns to mortgage market

It’s called “upselling” — steering home mortgage applicants into higher-cost terms that increase the lender’s profits — and it was rampant during the housing boom years. It worked like this: Rather than putting borrowers...

Shady upselling returns to mortgage market
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Are kickbacks making a comeback?

A settlement between the federal Consumer Financial Protection Bureau and a Texas homebuilder is drawing renewed attention to a controversial issue that was prominent during the years preceding the housing bubble: kickbacks in home...

Are kickbacks making a comeback?
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Government cracks down on mortgage advertising

The U.S. Consumer Financial Protection Bureau and Federal Trade Commission are cracking down on misleading mortgage ads, such as...

Government cracks down on mortgage advertising
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Mortgage conditions boost specialty servicers: VIDEO

The proliferation of mortgage delinquencies and new rules for handling mortgages proposed by the Consumer Financial Protection Bureau are...

Mortgage conditions boost specialty servicers: VIDEO
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