Yemeng Yang

Rocket Homes Under CFPB Spotlight for RESPA Issues

July 20, 2020

The CFPB is investigating Rocket Homes, the home search platform and broker referral network of Quicken Loans, for violations of the Real Estate Settlement Procedures Act, according to a recent S-1 filing.

Consumer Complaints Hit Record High in 2Q20

July 20, 2020

Yemeng Yang

Consumer complaints filed with the CFPB hit a new record high in the second quarter as the coronavirus pandemic continued to impact consumers’ financial status, according to a new Inside the CFPB analysis. (Includes data chart.)

HFSC Hearing Focuses on Monitoring of Servicers

July 20, 2020

Yemeng Yang

According to witnesses testifying at a House hearing, the CFPB appears to be offering regulatory leeway to mortgage servicers but doing little to protect consumers’ interests.

Dems Cautious About OCC’s COVID Preemption

July 20, 2020

Yemeng Yang

Democratic lawmakers believe the federal preemption asserted by the OCC will undercut state and local agencies’ efforts to protect homeowners from foreclosures.

Chicago-based Townstone Sued for Mortgage Redlining

July 20, 2020

Yemeng Yang

The lawsuit against the Chicago-based company marks the CFPB’s first-ever redlining action against a nonbank lender.

CFPB Begins Prioritized Assessments of Risky Sectors

July 20, 2020

Yemeng Yang

The CFPB is devoting half of its supervisory resources to assessing industries that pose the most risks to consumers during the pandemic, including mortgage servicing.

CFPB Names New Deputy Director, Fills Other Vacancies

July 20, 2020

Yemeng Yang

Thomas Pahl fills a position that had been vacant since Brian Johnson left in February to return to the private sector.

Other News in Brief

July 20, 2020

Yemeng Yang

The CFPB files lawsuit against companies providing student loan debt relief services; the CFPB encourages stakeholders to use its innovation programs to address regulatory uncertainties.

Citigroup Revives Deal for CMBS Backed by Hotels

July 16, 2020

Yemeng Yang

The $413.3 million commercial MBS backed by a portfolio of hotels was originally announced in February but postponed due to market volatility caused by the coronavirus pandemic.

Chicago Mortgage Banker Accused of Redlining by the CFPB

July 16, 2020

Yemeng Yang

The CFPB says that between 2014 and 2017, Townstone made statements about African Americans and predominantly black neighborhoods that discouraged prospective black applicants...

Yemeng Yang

ARTICLES

Rocket Homes Under CFPB Spotlight for RESPA Issues

Consumer Complaints Hit Record High in 2Q20

HFSC Hearing Focuses on Monitoring of Servicers

Dems Cautious About OCC’s COVID Preemption

Chicago-based Townstone Sued for Mortgage Redlining

CFPB Begins Prioritized Assessments of Risky Sectors

CFPB Names New Deputy Director, Fills Other Vacancies

Other News in Brief

Citigroup Revives Deal for CMBS Backed by Hotels

Chicago Mortgage Banker Accused of Redlining by the CFPB

Latest Imf News

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Featured Data

CRE Securitization Rises in 2025 With Agency MF Boost

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As homeowner equity continues to build, more and more lenders are launching home equity lending products. Are you thinking of joining this market?