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May 19, 2014

CFPB Ready to Crack Down on Lenders for Facilitating ‘Occupancy Fraud’

By Brandon Ivey

The Consumer Financial Protection Bureau is on the lookout for lenders that facilitate occupancy fraud as a way to avoid the agency's ability-to-repay rule.

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The year is almost 75% done. How is mortgage origination volume at your shop?

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We will fund less than last year – by a lot.

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