Volume 25 - Number 2
January 20, 2014
Consumer Complaints About Mortgages Jump 25 Percent
Consumer complaints to the CFPB about their mortgages again dropped off during the fourth quarter of the calendar, but were still up 25.2 percent for the 12-month period ending Dec. 31, 2013, versus one year prior, a new analysis by Inside the CFPB shows. One pattern that has emerged over the last nine quarters is that mortgage gripes have been comparatively low during the fourth quarter, only to surge during the next three quarters, and then fall off again in the next three-month period. During the most recent cycle, that has translated into a 33.3...
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This biweekly keeps mortgage executives on top of the onslaught of new legal and regulatory issues the industry has been seeing.
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