Tag: CFPB
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Feds Target Predatory Lenders, Call Out “Nightmare” Scenarios for Deed Seekers
The U.S. Consumer Financial Protection Bureau (CFPB) is acting to block predatory financing, redlining, and zombie mortgages. What’s all this about predators, red lines and zombies, you ask? Let’s break it down.
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Consumer Financial Protection Bureau Gets Tough on Mortgage Loan Junk Fees
Are lenders’ “junk fees” pushing the high cost of closing on a home even higher? The federal government thinks so. The Consumer Financial Protection Bureau (CFPB) says fees need to be more transparent, understandable, and reasonable. Why are the fees charged? Are they really “junk”? Do borrowers get a say in what they pay? Let’s…
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Before Applying for Your Mortgage, Get Familiar With the Official Consumer Toolkit
Know Before You Owe is a set of mortgage guides from the Consumer Financial Protection Bureau (CFPB). It shows home loan seekers the steps they need to take to open and handle a mortgage account. It provides detailed information on interest rates, and explains how to find comparable deals on loans, too. This makes perfect…
