Foreclosure delays beginning to wear off: RealtyTrac Lenders initiated the foreclosure process on 60,601 homes in July, down 38 percent from a year earlier, RealtyTrac said. Foreclosure starts and the number of homes repossessed by banks each increased.Here are the 10 hottest housing markets that fueled a record-breaking August The U.S. housing market is hot, with more than half (52.6 percent) of all homes nationwide worth as much or more than they were at the peak of the national housing boom in April 2007.. Some markets, though, have proven hotter than others – kept at a boil by healthy income growth, abundant job opportunities and above-average housing appreciation.

The DOJ also alleges that Hudson violated the Fair Housing Act, which also prohibits discrimination in residential mortgage lending. No, the CFPB. lender (I didn’t say that!), "As part of our Know.

Today, the CFPB released their Priorities for the next two years. Of particular interest to Mortgage Lenders is the excerpt below. Please close attention to the focus of "Fair Lending". Fair Lending is heating up folks, so now that TRID is mellowing out, it’s time to focus on this important issue.

Of course, fair lending is a critical component of fair and responsible banking. With the emphasis on consumer harm, however, regulators are looking at a wide spectrum of lending practices rather than maintaining a narrow focus on mortgage loans. For example, the CFPB is also investigating disparate practices by automotive lenders, consumer.

First, CFPB has identified residential mortgage lending, all lenders and all products, as a primary area of focus. That is not surprising given the subprime mortgage crisis of only a few years ago, the underwriting deficiencies that were allowed to take place, the resulting foreclosure rate for residential mortgages, and the severe impact all.

Attention lenders: The CFPB is now focusing more on fair lending in mortgages Is the FHA about to raise the HECM lending limit? Did Mick Mulvaney just drastically change how the CFPB enforces fair.

Congress enacted HMDA in 1975 to root out discrimination in mortgage lending. The CFPB and other prudential regulators use the data to examine and identify fair-lending violations. banks and.

Based on the risks identified, the CFPB’s market-level focus for the past five years has been on ensuring that credit-worthy consumers are not excluded from or made to pay more for mortgages, indirect auto loans and credit cards "because of their race or ethnicity or any other prohibited basis," Cordray wrote in the bureau’s 2016.

FHA to raise insurance premiums in April The federal housing administration (fha) will raise insurance premiums on home mortgages on April 1st, 2012 in the hopes to boost its Mutual Mortgage Insurance Fund. Any home buyer looking to get a FHA mortgage should contact their Guaranteed Rate loan officer to avoid any price increase on their loans.

9 fair lending report of the consumer financial protection bureau, december 2012 In addition to responsibilities for ECOA and HMDA, Congress also charged the CFPB with addressing a number of fair lending-related areas of interest, set forth in the Dodd-Frank Act.

The Consumer Financial Protection Bureau (CFPB) will give more attention to fair lending law compliance in 2017, reports HousingWire. The regulatory agency has said it will be giving increased attention to "redlining, mortgage and student loan servicing, and small business lending," according to the report.

Categories: Home Loans