Borrowers Beware: These Mortgage Rules Could Soon Get a Facelift

(TNS)—Getting a mortgage today is much different than it was before the financial crisis. Loans have to meet certain standards and there are many rules lenders and servicers have to follow. But after a shakeup in leadership at the Consumer Financial Protection Bureau (CFPB), the future of some policies is uncertain. Here’s why: The new […]

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Homeownership and Well-Being: A Complicated Relationship

Homeownership has come to represent security and wealth—the American Dream, realized, for millions who place their stake through property. There is evidence, even, that homeownership lends itself to overall satisfaction. Financially, homeownership is also associated with well-being, according to a new report by the Consumer Financial Protection Bureau (CFPB). The CFPB defines “financial well-being” as […]

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Another angry investor sues Zillow over co-marketing

Another Zillow Group shareholder has filed a federal lawsuit against the company and it appears the real estate giant could soon face a slew of similar suits …

Let’s not take the Zillow co-marketing probe as legal advice

DENVER — “OK, people: Do not run your businesses based on videos made by mortgage brokers,” advised Brian Levy, an attorney at Kattan & Temple, at the RESPRO (Real Estate Settlement Services Providers Council) meeting today. Levy was referring to panicked phone calls he received earlier this year when his clients saw a video that two mortgage brokers put on YouTube …

Know Before You Owe: A Work in Progress

The Consumer Financial Protection Bureau’s (CFPB) “Know Before You Owe” harmonization of the Truth in Lending Act and the Real Estate Settlement Procedures Act (TILA-RESPA, or TRID) has been a work in progress for several years, overhauling mortgage disclosure practices to improve clarity with the home-buying process. With the CFPB’s guidance and willingness to reduce […]

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Investor alleges Zillow lied about co-marketing program

A Zillow Group shareholder has filed a lawsuit alleging the company and its two top executives defrauded investors by misrepresenting its co-marketing program’s compliance with an anti-kickback law, thereby artificially inflating the real estate giant’…

Zillow Group and CFPB head into settlement talks

A federal investigation of Zillow Group’s co-marketing program for potential anti-kickback violations appears to be over, but that doesn’t mean the real estate giant is out of hot water.  …

Commentary: Ready for Tougher Underwriting and to Pay More for Your Mortgage?

There are some new rules coming down the pike for banks that will drastically alter the lending landscape. What are they, and should you care? I’m amazed that there has not been more talk regarding a big change in banking regulation. There are new regulations being phased in that will impact every borrower in a […]

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CFPB Finalizes ‘Know Before You Owe’ Updates

The Consumer Financial Protection Bureau (CFPB) recently finalized updates to the TILA-RESPA Integrated Disclosure rule (TRID), or “Know Before You Owe,” including clarifying the sharing of the Closing Disclosure (CD) with third parties—a concern for many in the housing industry since the rule’s implementation in October 2015. “The Bureau understands that it is usual, accepted, […]

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TRID update: It’s ‘appropriate’ for agents and brokers to access Closing Disclosure

The CFPB finalized updates to the 560-page TRID rules, including an update about privacy and sharing of information that should make it easier for agents and brokers to access the Closing Disclosure. …