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CFPB Goes Hunting for Zombie Foreclosures

(Joseph Mikkelson, OnlineEd) Zombies have been enjoying a renaissance as of late. Ever since George Romero’s 1968 film, “Night of the Living Dead,” zombies have maintained a steady presence in the media. However, one doesn’t have to look far to...
CFPB Faces Unfair Employment Accusations, Overhaul Bill

CFPB Faces Unfair Employment Accusations, Overhaul Bill

(Joseph Mikkelson, OnlineEd) – The CFPB is off to a rocky start in 2014. In an interesting turn of events, the CFPB will undergo a probe regarding how the entity treats its employees.  According to an American Banker report, there are striking racial disparities...

7 Common “Qualified Mortgage” Myths

The CFPB’s Qualified Mortgage and Ability to Repay rules have been effective for just over a week, and there still seems to be confusion from both consumers and industry professionals.  While truthfully we will not know the full effects of these rules for some...

New Mortgage Disclosure Final Rule Released

November 22, 2013 – At a field hearing in Boston on Wednesday, November 20, 2013, Richard Cordray of the CFPB took the opportunity to unveil the new “Know Before You Owe” forms, which will replace their better known “good-faith estimate”...