Tag Archives: lending

Consumer Financial Protection Bureau Warns Financial Institutions About Potential Mortgage Lending Reporting Failures

WASHINGTON, D.C. – Today the Consumer Financial Protection Bureau (CFPB) is issuing warning letters to 44 mortgage lenders and mortgage brokers. The Bureau has information that appears to show they may be required to collect,…

CFPB Director Richard Cordray Speaks to Mortgage Bankers Association

On Tuesday, October 25th, Richard Cordray, the Director of the Consumer Financial Protection Bureau (CFPB), spoke to the Mortgage Bankers Association (MBA) at their annual convention in Boston. Director Cordray began by acknowledging the financial…

Revised HECM Financial Assessment and Property Charge Guide

This week, the Federal Housing Administration (FHA) published Mortgagee Letter 2016-10. This Mortgagee Letter: Announces and transmits an updated HECM Financial Assessment and Property Charge Guide; Revises the calculation of the growth rate (compounding interest…