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CFPB calls for dismissal of lawsuit challenging Cordray's appointment

11.28.2012

Some people question the legality of President Obama's appointment of Richard Cordray to head of the CFPB.

The Consumer Financial Protection Bureau was established in July 2011 to keep Americans safe in the mortgage industry and other sectors.

Consumer mortgage debt hits six-year low

11.28.2012

During the third quarter, new mortgage originations totaled $120 billion.

In the wake of the housing market collapse, a number of mortgage lenders implemented stricter qualification standards for borrowers.

September home price gains positive for real estate's future

11.27.2012

In the wake of the real estate bubble burst, millions of homeowners owed more on their mortgages than their properties were worth.

As property values continued to build momentum in September, a great number of current owners could choose to list their homes on the market to turn a profit on their investments.

The fiscal cliff and real estate's future

11.26.2012

The fiscal cliff could cause many lenders to implement stricter standards.

In recent months there has been a lot of discussion surrounding the impending "fiscal cliff," but what does this mean for the housing market and mortgage industry's future?

HARP 2.0 a great success, analysis shows

11.26.2012

Since the beginning of 2012, the program (now known as HARP 2.0) helped between 30,000 and 100,000 borrowers refinance every month.

The Home Affordable Refinance Program was created in the wake of the real estate bubble burst to help distressed borrowers restructure their mortgages into more favorable terms.

Job market improvements promising for mortgage industry

11.21.2012

A borrower's job security can be very important when qualifying for a mortgage.

When it comes to qualifying for a mortgage, a borrower's job security can be very important, since a sizable portion of their income will go toward loan payments.

Fixed mortgage rates reach new record lows

11.21.2012

One major indicator of the housing market recovery is the rising residential construction rate.

As the housing market continues to gain momentum, mortgage rates fell to new all-time lows in the week ending November 21.

Homebuilding rises in October, provides more options for buyers

11.20.2012

October nationwide housing starts increased 3.6 percent to an annual rate of 894,000 units.

A thinning property inventory left borrowers with limited options to make the transition to homeownership so far this year.

CFPB examines fraudulent mortgage ads for Veterans, seniors

11.20.2012

Some loans offer rock-bottom mortgage rates for Veteran and senior borrowers.

Fraudulent mortgage advertisements can target anyone, but Veterans and senior borrowers may be especially susceptible.

CFPB extends Truth-in-Lending start date

11.19.2012

The Truth-in-Lending Act requires financial institutions to outline specific costs of taking on a mortgage.

In an effort to make the mortgage industry a safer place for borrowers, during recent years, a number of government agencies implemented new rules and regulations for financial institutions.

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