CFPB fines mortgage lender $250K for claiming government affiliation in ads

DBRS settles with SEC over misrepresenting mortgage bond rating capabilities DBRS Inc. agreed to pay nearly $6 million to settle Securities and Exchange Commission claims that the credit-ratings firm misrepresented how it monitored ratings of complex real-estate securities.

cfpb fines mortgage lender For Illegal Fee Splitting. By. The mortgage lender touted its decision to self-report, saying in its statement that it had come to the CFPB a full six months before.

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All cash sales for homes decreased in January to 38.9%, down from 41.4% year-over-year. Mortgage rates decreased again with the weak job market; 30-year rates now stand at 3.66% and 15-year rates are at 2.93%. In The News: Housing Wire – “CFPB fines mortgage lender $250K for claiming government affiliation in ads” (4-9-15)

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PDF A closer look at reverse mortgage advertisements and consumer. – A closer look at reverse mortgage advertisements and consumer risks. After reviewing reverse mortgage ads, most consumers in our focus groups said the ads implied. government involvement in reverse mortgages, but opinions varied on the role government plays in the loans. Some consumers.

CFPB Takes Action Against mortgage relief company deceptively Using VA & FHA Logos On Ads. to the government, the CFPB alleges that RMK’s ads featured incorrect information about loans.

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CFPB takes action against mortgage lender for deceptive advertising. Bureau Orders RMK Financial to Pay $250,000 for Deceiving Borrowers with Claims of Government Affiliation

Mortgage servicers bypass foreclosure delays with more short sales The Year of the Short Sale and more foreclosure delays.. diana golobay at HousingWire reports on the Mortgage Bankers Association (MBA) National Mortgage Servicing Conference 2010 in San Diego: Mortgage Servicers Kick Around HAMP Mod Options