The Consumer Financial Protection Bureau Monday said it will issue warning letters to at least 12 mortgage banking and brokerage firms that it says broke federal law in advertising loan products to consumers.

And on a separate tract, it has launched what it calls “formal investigations” of six companies that committed more serious violations of federal law.

Subscribe Now

Authoritative analysis and perspective for every segment of the mortgage industry

30-Day Free Trial

Authoritative analysis and perspective for every segment of the mortgage industry