Your Mortgage Application May Trigger Competitors to Tempt You with Other Offers

You’ve probably never heard of a “mortgage trigger lead.” But as a consumer, you might be shocked to learn that in an era of massive data breaches and hacks —…

Opinion: Pros and Cons of the New Tax Law for Real Estate Owners

Copy of the “Tax Cuts and Jobs Act,” a 1,097-page Republican tax bill, including 503 pages of legislative text (picture by Daniel Acker/Bloomberg). The new tax laws have both experts and…

New Recording Fee under the Building Homes and Jobs Act

Calif. Government Code §27388.1; Calif. Health and Safety Code 50470, 50470.5, 50471, 50475, 50475 Added by S.B. 2 Effective date: January 1, 2018 New recording fee To fund the construction…

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…