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The CFPB has opened a back door by accusing a lender of engaging in unfair and deceptive acts in connection with originating loans that the borrowers could not "afford."
June 24
Offit | Kurman -
The move is the latest in a series of reforms to the government-insured Home Equity Conversion Mortgage, eliminating product features deemed to threaten the soundness of the FHA insurance fund.
June 23
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Bank of America failed to win dismissal of two government lawsuits in which its accused of misleading investors about the quality of loans tied to $850 million in residential mortgage-backed securities.
June 20 -
The House Financial Services Committee approved legislation Friday to extend and modify the Terrorism Risk Insurance Act.
June 20 -
A new analysis by TransUnion gauges just how much the reporting of on-time rental payments can improve consumers' credit scores, especially for those with blemished credit.
June 20 -
New players have entered the field and are vying for lenders' business, but pressure on pricing is marginal and no company's market share position has changed drastically.
June 20
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Financing plays a vital role in nonperforming loan investment. One of the most compelling things investors can do to get it is show how they handled a tough situation, financiers say.
June 19
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A proposal to extend and modify the Terrorism Risk Insurance Act divided the House Financial Services Committee down party lines on Thursday, and signaled the battle lines that are likely to arise when the issue is worked out between the House and Senate.
June 19
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The guidance aims to protect Home Equity Conversion Mortgage borrowers from "presentations that appear to limit their options," the agency says.
June 19 -
The confluence of trends is making efficient portfolio and vendor management vital.
June 19
