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Mortgage customers vent while lenders fume

Mortgage customers vent while lenders fume

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 and mortgage companies who are...

Mortgage customers vent while lenders fume
Mortgage complaint line brings attention to detail

Mortgage complaint line brings attention to detail

Move over, Yelp. The federal government’s top consumer agency has just begun allowing mortgage borrowers to vent publicly —...

Mortgage complaint line brings attention to detail
US banning extra interest on agency-insured loans

US banning extra interest on agency-insured loans

  Hundreds of thousands of home sellers have had their pockets picked at closings during the last decade —...

US banning extra interest on agency-insured loans
Deal with US doesn’t dim Ocwen as portfolio hits $500B

Deal with US doesn’t dim Ocwen as portfolio hits $500B

Ocwen Financial Corporation – a company that specializes in servicing large portfolios of underwater, delinquent and subprime mortgages –...

Deal with US doesn’t dim Ocwen as portfolio hits $500B
Qualified mortgage rules go into effect

Qualified mortgage rules go into effect

Tighter federal mortgage regulations go into effect today that place stricter caps on debt-to-income ratios, in the hopes that lenders stop originating mortgages to those who cannot repay them . The new rules, put forth by...

Qualified mortgage rules go into effect
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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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FHA interest rule under fire

Pressured by consumer protection regulators, the Federal Housing Administration is expected to end one of its most controversial practices: charging borrowers interest on their home mortgages for weeks after they’ve paid off the entire...

FHA interest rule under fire
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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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