Bureau Invites Consumers to Post Details of Bad Mortgage Experiences
Los Angeles Times | March
Move over, Yelp. The federal government’s top consumer agency has just begun allowing mortgage borrowers to vent publicly — in full narrative detail — about the bad experiences they’ve had with financial institutions.
Crowdfunding House Flippers: Risks and Rewards
CNBC | March 26, 2015
As home prices rise, investors looking to cash in are back to flipping properties, but they’re using online crowdfunding sites to fund their flips.
Foreclosure to Home Free, as 5-Year Clock Expires
The New York Times | March 28, 2015
There are tens of thousands of homeowners who have missed more than five years of mortgage payments, many of them clustered in states like Florida, New Jersey and New York, where lenders must get judges to sign off on foreclosures. However, in a growing number of foreclosure cases filed when home prices collapsed during the financial crisis, lenders may never be able to seize the homes because the state statutes of limitations have been exceeded, according to interviews with housing lawyers and a review of state and federal court decisions.
Legislation to Make CFPB, Dodd-Frank Subject to 10 Year Review
The M Report | March 27, 2015
Legislation was introduced this week that would make the Consumer Financial Protection Bureau (CFPB) subject to new a regulatory process. U.S. Sen. Mike Crapo (R-Idaho) brought forth a bill that would make the CFPB eligible for review under the 10-year regulatory review. Under the current rules, both the CFPB and Dodd-Frank are exempt from review.
Setauket Man Charged With Filing False Liens Against Judges
A federal grand jury has indicted a Setauket man for allegedly filing fraudulent liens against three Suffolk County judges and an attorney in retaliation …
|Integrated Disclosure Deadline Could Be Delayed, Top CFPB Official Says|
|by RACHEL WITKOWSKI|
|The Consumer Financial Protection Bureau may delay the Aug. 1 implementation deadline for new mortgage disclosure forms if vendors aren’t ready, said CFPB Deputy Director Steven Antonakes.