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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

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