mortgages

A mortgage loan or, simply, mortgage is used either by purchasers of real property to raise funds to buy real estate, or alternatively by existing property owners to raise funds for any purpose, while putting a lien on the property being mortgaged.

Source: en.wikipedia.org

CFPB: Lenders Must Stop Hiding Unlawful Terms in Fine Print

CFPB: Lenders Must Stop Hiding Unlawful Terms in Fine Print
CFPB: Lenders Must Stop Hiding Unlawful Terms in Fine Print
June 04, 2024  |  CFPB

The Consumer Financial Protection Bureau (CFPB) is warning businesses against hiding “unlawful or unenforceable terms” in contracts’ fine print. Get the Full Story Complete the...

READ MORE >
NYCB Sells $5 Billion in Loans to JPMorgan
NYCB Sells $5 Billion in Loans to JPMorgan
May 15, 2024  |  Loans

New York Community Bank (NYCB) is selling $5 billion in loans to J.P. Morgan Chase. Get the Full Story Complete the form to unlock this article and...

READ MORE >
FSOC: Regulators, Congress Should Enhance Resilience of Nonbank Mortgage Companies
FSOC: Regulators, Congress Should Enhance Resilience of Nonbank Mortgage Companies
May 10, 2024  |  Real Estate

The Financial Stability Oversight Committee (FSOC) is encouraging state and federal regulators and Congress to do more to enhance the resilience of nonbank mortgage companies (NMCs). Get...

READ MORE >
Fed Survey Reveals Tighter Standards and Weaker Demand for Loans
Fed Survey Reveals Tighter Standards and Weaker Demand for Loans
May 06, 2024  |  Loans

Banks are seeing a slide in demand for loans — at the same time that they’re tightening lending standards. Get the Full Story Complete the...

READ MORE >
CFPB Says Junk Fees ‘Impede Fair and Competitive Pricing’
CFPB Says Junk Fees ‘Impede Fair and Competitive Pricing’
April 30, 2024  |  News

The more complex a pricing structure, the more likely consumers are to pay more for products like credit cards, bank accounts, mortgages and auto loans....

READ MORE >
CFPB Targets Mortgage Servicer ‘Junk Fees’
CFPB Targets Mortgage Servicer ‘Junk Fees’
April 24, 2024  |  CFPB

America’s consumer finance watchdog is targeting “junk fees” in the mortgage industry. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

READ MORE >
Beeline to Launch Spanish-Language Version of Home Loan Experience
Beeline to Launch Spanish-Language Version of Home Loan Experience
April 22, 2024  |  Consumer Finance

FinTech mortgage lender Beeline will launch a Spanish-language version of its home loan experience on May 1. Get the Full Story Complete the form to unlock this...

READ MORE >
Equifax Says 85% of Its New Models Built With AI
Equifax Says 85% of Its New Models Built With AI
April 18, 2024  |  artificial intelligence

Consumer credit bureau Equifax said artificial intelligence (AI) is playing an increasing role in its operations.  Get the Full Story Complete the form to unlock this...

READ MORE >
CFPB Could Block Lenders From Charging for Title Insurance
CFPB Could Block Lenders From Charging for Title Insurance
April 10, 2024  |  CFPB

America’s leading consumer watchdog is reportedly weighing a sweeping change to the title insurance industry. Get the Full Story Complete the form to unlock this...

READ MORE >