December

Blog Posts in December, 2013

  • Ocwen is the latest mortgage servicer to enter into a consent order with the CFPB and 49 of the 50 states. Ocwen is being held accountable for its illegal mortgage servicing practices which include: "unfair shortcuts, unauthorized fees, ...
  • Los Angeles Sues Everyone

    Well, not quite. The city of Los Angeles has filed lawsuits against Wells Fargo, Citigroup, and Bank of America for discriminatory lending practices that led to a wave of foreclosures in Los Angeles. The lawsuits allege that the banks engaged in a ...
  • CFPB's Mortgage Disclosure Rules Need Work

    I normally applaud the CFPB for its aggressive regulation and its attempts to expand its regulatory reach. When the CFPB first started rolling out proposed mortgage disclosure forms, I was excited. The required disclosures are one of the most ...