CFPB program to streamline borrower experience

The Consumer Financial Protection Bureau will soon launch a prototype program that will give borrowers more detailed information on their mortgages.
The Consumer Financial Protection Bureau will soon launch a prototype program that will give borrowers more detailed information on their mortgages. [More]


Military foreclosure victims to receive major settlements

Members of the armed forces who were wrongfully foreclosed on in recent years may receive a significant cut of the compensation agreed upon by the country's largest mortgage lenders.
Members of the armed forces who were wrongfully foreclosed on in recent years may receive a significant cut of the compensation agreed upon by the country's largest mortgage lenders. [More]


Proposed bill for principal write-down program

A recent piece of legislation has been proposed that would allow a greater number of homeowners reduce their monthly mortgage payments by using a federal shared-mortgage-appreciation program.
A recent piece of legislation has been proposed that would allow a greater number of homeowners reduce their monthly mortgage payments by using a federal shared-mortgage-appreciation program. [More]


ABA testifies to Congress regarding accountability concerns for CFPB

Worried about the accountability with the year-old Consumer Financial Protection Bureau - created by the Dodd-Frank Act - the head of the American Bankers Association testified to Congress about the matter.
Worried about the accountability with the year-old Consumer Financial Protection Bureau - created by the Dodd-Frank Act - the head of the American Bankers Association testified to Congress about the matter. [More]


Mortgage rates stable as employment improves

In the wake of positive job market reports, mortgage rates edged higher, while other rates remained unchanged during the week ending February 9.
In the wake of positive job market reports, mortgage rates edged higher, while other rates remained unchanged during the week ending February 9. [More]


MBA reports jump in refinances sparks overall mortgage activity

Thanks to a substantial rise in homeowners applying for refinances during the last few days of January and first days of February, overall mortgage requests spiked considerably, mortgage records indicate.
Thanks to a substantial rise in homeowners applying for refinances during the last few days of January and first days of February, overall mortgage requests spiked considerably, mortgage records indicate. [More]


Mortgage modification rate dropped in 2011

Fewer borrowers received mortgage modifications in 2011 than the prior year, according to a recent report from Hope Now.
Fewer borrowers received mortgage modifications in 2011 than the prior year, according to a recent report from Hope Now. [More]


Survey examines commercial borrowing expectations for 2012

Industry experts anticipate the debt level of commercial real estate borrowers to rise significantly during the course of 2012, World Property Channel reports.
Industry experts anticipate the debt level of commercial real estate borrowers to rise significantly during the course of 2012, World Property Channel reports. [More]


MBA: Commercial mortgage originations up, forecast high for 2012

The Mortgage Bankers Association announced its mortgage records for last year show commercial loan originations spiked substantially, while 2012 is expected to see a considerable increase from that total.
The Mortgage Bankers Association announced its mortgage records for last year show commercial loan originations spiked substantially, while 2012 is expected to see a considerable increase from that total. [More]


Critics continue to challenge CFPB director appointment

As critics continue to question the recess appointment of Consumer Financial Protection Bureau director Richard Cordray, a group of Senators has filed a brief that will help challenge the appointment in court.
As critics continue to question the recess appointment of Consumer Financial Protection Bureau director Richard Cordray, a group of Senators has filed a brief that will help challenge the appointment in court. [More]