Rule gives consumers additional rights to information on how a home value is determined WASHINGTON, D.C.—(ENEWSPF)—January 18, 2013. Today the Consumer Financial Protection Bureau (CFPB) adopted a new rule that requires mortgage lenders to provide applicants with free copies of all appraisals and other home-value estimates. The rule will ensure[Read More…]

Mortgage Policy Press Call Washington, D.C.–(ENEWSPF)–January 18, 2013  Thank you for joining me today to announce another of the Consumer Financial Protection Bureau’s new mortgage lending rules. Just a few years ago, our country went through the greatest financial crisis since the Great Depression.  One of the reasons for the[Read More…]

WASHINGTON, D.C.–(ENEWSPF)–January 18, 2013. The Consumer Financial Protection Bureau (CFPB) is issuing rules to prevent mortgage lenders from steering borrowers into risky and high-cost loans. The rules ban certain incentives that loan originators had to sell unsafe loans to consumers in the run-up to the financial crisis. “Before the financial[Read More…]