The U.S. House of Representatives voted for a bill that exempts certain depository institutions from complying with requirements under the Home Mortgage Disclosure Act (HMDA).If enacted, credit unions and other lenders with less origination volume as set forth in the bill will not be legally Read more
Taking out a Reverse Mortgage? You Might Want to Read CFPB’s Warning.
The Consumer Financial Protection Bureau (CFPB) gave a warning to consumers aged 62 and older who are considering a reverse mortgage to delay dipping into their Social Security benefits.In a 26-page issue brief dated August 2017, the Bureau determined that: (i) the costs of using a reverse Read more
ALTA: CFPB Should Warn Consumers About Hackers
In a letter sent to the Consumer Financial Protection Bureauthis week, the national trade association of the land title insurance industry, the American Land Title Association(ALTA) asks the agency to warn the public of the imminent danger of hacking.This came a year after the Federal Trade Read more
The Real Cost of Refinancing
There is a current popular interest in mortgage refinancing, thanks to the plummeting interest rates from the outset of the controversial Brexit vote. The Federal Housing Finance Agency (FHFA) also offered extended refinancing opportunity to over 300 000 Americans when it recently announced the Read more
