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Mortgage origination

Legal
National

CFPB Sues Vanderbilt Mortgage for Alleged Predatory Loan Practices

January 12, 2025January 12, 2025 - by Maryann Pugh

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

Consumer Financial Protection Bureau (CFPB)
National

Homebuyers Deceived? CFPB Launches Major Lawsuit to End Shocking Real Estate Kickback Scheme!

December 30, 2024December 30, 2024 - by Maryann Pugh

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
Mortgage denied
National

Mortgage Market Meltdown: Skyrocketing Costs Slam Borrowers as Lending Craters

December 17, 2024December 16, 2024 - by Maryann Pugh

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

Consumer Financial Protection Bureau
National

Federal Agencies Hold Fairway Mortgage Accountable for Discriminatory Lending Practices

October 21, 2024October 21, 2024 - by Maryann Pugh

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
Consumer Financial Protection Bureau Requests Information on the Impact of the CARD Act Regulations on Small Entities and the Consumer Credit Card Market
National

CFPB Seeks $3.95 Million Penalty from Freedom Mortgage for Inaccurate Data Reporting

June 24, 2024June 24, 2024 - by Maryann Pugh

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

Consumer Financial Protection Bureau
National

CFPB Launches Inquiry Into Rising Mortgage Closing Costs and Junk Fees

June 2, 2024June 2, 2024 - by Maryann Pugh

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
Xactus
Regional

Xactus Partners with Dark Matter Technologies to Enhance Loan Origination Software

April 29, 2024April 29, 2024 - by Timothy Alexander

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

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