Chester County News and Community Website
WASHINGTON, D.C. — The Consumer Financial Protection Bureau (CFPB) has filed a lawsuit against Vanderbilt Mortgage & Finance, Inc., alleging that the company engaged in predatory lending practices that trapped families …
CFPB Sues Vanderbilt Mortgage for Alleged Predatory Loan Practices Read More
WASHINGTON, D.C. — The Consumer Financial Protection Bureau (CFPB) recently initiated legal action against Rocket Homes Real Estate, LLC, The Jason Mitchell Group, and its founder Jason Mitchell over allegations of …
Homebuyers Deceived? CFPB Launches Major Lawsuit to End Shocking Real Estate Kickback Scheme! Read More
WASHINGTON, D.C. — The Consumer Financial Protection Bureau’s (CFPB) 2023 annual report on residential mortgage lending highlights a sharp decline in mortgage activities and rising costs for borrowers. The report, based …
Mortgage Market Meltdown: Skyrocketing Costs Slam Borrowers as Lending Craters Read More
WASHINGTON, D.C. — The Consumer Financial Protection Bureau (CFPB) and the Justice Department (DOJ) have taken significant action against Fairway Independent Mortgage Corporation, accusing the company of redlining in majority-Black …
Federal Agencies Hold Fairway Mortgage Accountable for Discriminatory Lending Practices Read More
WASHINGTON, D.C. — The Consumer Financial Protection Bureau (CFPB) is taking action against Freedom Mortgage Corporation, a major mortgage lender, for repeatedly submitting error-filled mortgage loan data to federal regulators. …
CFPB Seeks $3.95 Million Penalty from Freedom Mortgage for Inaccurate Data Reporting Read More WASHINGTON, D.C. — The Consumer Financial Protection Bureau (CFPB) has initiated a public inquiry into the mounting junk fees that are elevating mortgage closing costs. The bureau aims to uncover …
CFPB Launches Inquiry Into Rising Mortgage Closing Costs and Junk Fees Read More
BROOMALL, PA — Xactus, a prominent provider of verification services, has announced the integration of several of its key services with Dark Matter Technologies’ Empower® loan origination software (LOS). This …
Xactus Partners with Dark Matter Technologies to Enhance Loan Origination Software Read More
The Consumer Financial Protection Bureau (CFPB) and the Justice Department have filed a lawsuit against Colony Ridge, a Texas-based developer and lender, accusing it of operating an illicit land sales …
CFPB and Justice Department Sue Texas Developer for Predatory Land Sales Scheme Targeting Hispanic Borrowers Read More The Consumer Financial Protection Bureau (CFPB) has recently imposed a $12 million penalty on Bank of America for providing false mortgage lending data to the federal government. This violation of …
Bank of America Fined $12 Million for False Mortgage Lending Information Read More