Housing Groups Pan GOP Swipe at Mortgage Deduction

WASHINGTON — Hopes that tax reform might soften a weakening of the mortgage interest deduction were quickly dashed Thursday as the plan from House Republicans appeared to land a double…

Scammers are Conning Homebuyers Out of Their Down Payment

$52,660.57 – It’s a number Shannyn Allan knows by heart.  That’s how much money she painstakingly saved for a 20 percent down payment and closing costs on her dream home…

Here’s Another Way Wells Fargo Took Advantage of Customers

Wells Fargo, the largest mortgage lender in the country, portrays itself as a stalwart bank that puts customers first. That reputation shattered in September, when it was fined $185 million…

CFPB Orders TransUnion and Equifax to Pay for Deceiving Consumers in Marketing Credit Scores and Credit Products

Credit Reporting Companies Misstated the Cost and Usefulness of the Credit Scores and Products They Sold, Lured Consumers into Costly Recurring Payments JAN 03, 2017 WASHINGTON, D.C. – The Consumer…

CFPB Orders Prospect Mortgage to Pay $3.5 Million Fine for Illegal Kickback Scheme

Real Estate Brokers and Mortgage Servicer That Took Kickbacks from Prospect Also Ordered to Pay $495,000 JAN 31, 2017 WASHINGTON, D.C. – The Consumer Financial Protection Bureau (CFPB) today took…