Archive for Mortgage Servicing

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

See the full post at consumerfinance.gov

The CFPB approved a rule to address the current and future applications of complex algorithms and artificial intelligence used to estimate home values

See the full post at consumerfinance.gov

As interest rates increased in 2022, the number of refinance mortgage originations declined, with cash-out refinances becoming a larger share of all refinances

See the full post at consumerfinance.gov

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

See the full post at consumerfinance.gov

The foreclosure crisis was an important catalyst for the creation of the Consumer Financial Protection Bureau

See the full post at consumerfinance.gov

A commonly used interest rate index officially ends on June 30, 2023

See the full post at consumerfinance.gov

Mortgage servicers have direct communication with homeowners

See the full post at consumerfinance.gov

Today, the CFPB is releasing our updated Mortgage Servicing Examination Procedures, providing transparency to stakeholders about how we do our work

See the full post at consumerfinance.gov

This week, we filed a friend-of-the-court brief to protect borrowers’ rights under federal law to obtain vital information about their mortgage loans from servicers

See the full post at consumerfinance.gov

The HAF program can assist homeowners with housing-related costs

See the full post at consumerfinance.gov