Forgotten second mortgages may be coming back to haunt homeowners who haven’t received notices or account statements for years
FTC Sends More Than $5 Million in Refunds to Consumers Harmed by Bogus Credit Repair Scheme
Archive for Mortgage Servicing
As companies are stopped from charging illegal junk fees, people are facing new risks as companies experiment with sketchy fee tactics, which are themselves also often illegal
The CFPB filed an amicus brief to help ensure that mortgage servicers acting as debt collectors don’t improperly charge fees that prevent consumers from shopping around
The CFPB approved a rule to address the current and future applications of complex algorithms and artificial intelligence used to estimate home values
As interest rates increased in 2022, the number of refinance mortgage originations declined, with cash-out refinances becoming a larger share of all refinances
A new analysis from CFPB researchers finds that the majority of mortgage borrowers in forbearance during COVID-19 have since become current on their loans
The foreclosure crisis was an important catalyst for the creation of the Consumer Financial Protection Bureau
A commonly used interest rate index officially ends on June 30, 2023
Mortgage servicers have direct communication with homeowners
Today, the CFPB is releasing our updated Mortgage Servicing Examination Procedures, providing transparency to stakeholders about how we do our work
