CFPB

What you need to know about RM HMDA data

Shannon HicksSeptember 7, 2020September 8, 2020

by Shannon HicksSeptember 7, 2020September 8, 20202 564

5 Take-aways from the CFPB’s recent HMDA report The CFPB’s or Consumer Financial Protection Bureau’s most recent release of data from the 2019 Home Mortgage Disclosure Act or HMDA submissions is both enlightening and perplexing. If you’re unfamiliar with the Home Mortgage Disclosure Act it was created in 1975

Podcast E632: California plans to create its own CFPB

Shannon HicksAugust 24, 2020August 21, 2020

by Shannon HicksAugust 24, 2020August 21, 20200353

Unable to use the embedded player? Listen here. Show Summary Outside of lacking its own standing army, some argue that California is acting as an independent nation-state- that in the wake of several state mandates, some which directly contradict federal regulations. Well, the Golden State may be creating its own

Politics, Gridlock & CFPB Enforcement

Shannon HicksOctober 21, 2019October 21, 2019

by Shannon HicksOctober 21, 2019October 21, 20191876

Political gridlock, proposed changes & CFPB finding on HECM APRs We’re in the full swing of the political season as the 2020 presidential race is underway. In a recent LGBTQ Town Hall hosted by CNN on October 10th, former HUD Secretary Julian Castro called out the agency’s head Ben

Dodd Frank, Downsizing & Padding Loans

Shannon HicksMay 28, 2018May 25, 2018

by Shannon HicksMay 28, 2018May 25, 20183 699

Here are some reverse-mortgage related stories you may have missed...

Regulatory Rollback, State Pushback & Safer Loan

Shannon HicksApril 13, 2018April 13, 2018

by Shannon HicksApril 13, 2018April 13, 20182 788

Acting CFPB Director Mick Mulvaney said,“Regulation by enforcement is done. We’re not doing it anymore".

The Trump Era & The HECM

Shannon HicksMay 30, 2017May 26, 2017

by Shannon HicksMay 30, 2017May 26, 20171838

Good News for HECM, Not So Much for Housing Programs President Donald trump embodies the essence of a political wrecking ball in Washington D.C.- a city known to cling tightly to political traditions of governing and supporting long-standing social programs, despite our ballooning deficits. While the President weathers opposition from

Reverse Mortgage News Roundup

Shannon HicksMay 1, 2017May 2, 2017

by Shannon HicksMay 1, 2017May 2, 20173 1048

This Week’s Top Reverse Mortgage Stories 1- CFPB Complaints on the Rise- The CFPB has been busy collecting consumer complaints. The Consumer Financial Protection Bureau reports an increase of 172% increase in reverse mortgage-related complaints since 2012. One could guess that much of this is due to increased consumer awareness of

Compliance: CFPB Levies Penalties on HECM Lenders

Shannon HicksMarch 20, 2017March 17, 2017

by Shannon HicksMarch 20, 2017March 17, 20171638

Recent CFPB actions highlight the importance of compliant advertising and sales practices Since the founding of the CFPB (Consumer Financial Protection Bureau) in 2011, lenders have found themselves navigating the ever-changing waters of regulatory compliance. Reverse mortgage lenders have recently felt the impact of the agency with three lenders paying

Are Forbearances Creating a Housing Bubble?

Should they take their winnings off the table?

4 Ways to Slow HECM FHA Insurance Claims

RMs Getting a Serious Second Look

What you need to know about RM HMDA data

Podcast E632: California plans to create its own CFPB

Politics, Gridlock & CFPB Enforcement

Dodd Frank, Downsizing & Padding Loans

Regulatory Rollback, State Pushback & Safer Loan

The Trump Era & The HECM

Reverse Mortgage News Roundup

Compliance: CFPB Levies Penalties on HECM Lenders

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