RESPA complaint that accused Rocket Homes of favoring real estate agents who steered clients to Rocket Mortgage is dismissed “without prejudice” by CFPB’s new leadership.
Category: CFPB
Wells Fargo is about to emerge from the regulatory woods
Once the nation’s largest home lender, Wells Fargo could be poised for a comeback in the mortgage business this year as it continues to make progress in addressing regulators’ concerns about its past practices.
CFPB tightening underwriting for PACE energy improvement loans
PACE lenders object to rule requiring them to evaluate borrowers’ ability to repay and provide more comprehensive disclosures so homeowners can comparison shop for other types of financing.
David Stevens, influential leader in mortgage finance, dies at 66
The former FHA commissioner also held executive positions at World Savings Bank, Freddie Mac, and The Long and Foster Companies before leading the Mortgage Bankers Association.
Navy Federal faces lawsuits over discriminatory lending allegations
Lawmakers are demanding a federal investigation in the wake of a CNN analysis that concluded the nation’s largest credit union denied more than 50 percent of Black mortgage applicants in 2022.