Escrow: Latest News, Top Stories & Analysis

Consumer Financial Protection Bureau Settles with Sixth Mortgage Company to Address Deceptive Loan Advertisements Sent to Servicemembers and Veterans

September 3, 2020September 2, 2020 - by MyChesCo

WASHINGTON, D.C. — The Consumer Financial Protection Bureau (Bureau) issued a consent order against Service 1st Mortgage, Inc. (Service 1st), a mortgage broker based in Glen Burnie, Maryland that is …

Business / Government / National

Consumer Financial Protection Bureau Settles with Fifth Mortgage Company to Address Deceptive Loan Advertisements Sent to Servicemembers and Veterans

September 3, 2020September 2, 2020 - by MyChesCo

WASHINGTON, D.C. — The Consumer Financial Protection Bureau (Bureau) issued a consent order against Hypotec, Inc., a mortgage broker based in Miami, Florida that is licensed in eight states.

Government / National / Products and Services

Consumer Financial Protection Bureau Issues Proposed Rule on Escrow Exemptions for Certain High-Priced Mortgage Loans

July 6, 2020July 6, 2020 - by MyChesCo

WASHINGTON, D.C. — The Consumer Financial Protection Bureau (Bureau) recently issued a notice of proposed rulemaking (NPRM) that would amend Regulation Z to provide a new exemption available to certain …