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Fannie Mae and Freddie Mac Shutdown Could Jolt US Housing Market

the shutdown of the government sponsored enterprises Fannie Mae and Freddie Mac could send a shock waves through the U.S. housing market.

FDIC Releases Video Series on Assistance with Mortgage Rules

The FDIC this week released its third video to assist bank employees in meeting regulatory requirements. This third video features CFPB rules.

CFPB Issues Proposal to Facilitate Access to Credit in Rural and Underserved Areas

In an effort to extend provisions to cover more community banks, credit unions, and other creditors, the Consumer Financial Protection Bureau today proposed several changes to its mortgage rules. This was done to facilitate responsible lending by small creditors, particularly in rural and underserved areas.…

CFPB Says Mortgage Shopping Is a Must

The CFPB has found that most borrowers don't shop for the best mortgage. Read why they absolutely should.

Caught in the Crosshairs: Congress Targets FHA Mortgage Program

On December 9, 2014, Congress released their latest budget bill, the House Amendment to the Senate Amendment H.R. 83. Buried deep within this 1500 page bill, there is mention of the Homeowners Armed with Knowledge (HAWK) program, and not in a good way. HAWK is…

CFPB Proposes Expanded Foreclosure Protections

In late November, the Consumer Financial Protection Bureau (CFPB) turned its focus toward ensuring that homeowners and borrowers are treated fairly by mortgage servicers. The bureau released a proposal which would provide surviving family members and other homeowners with the same protections as the original…