by Jeff Sorg | Jul 15, 2016 | Mortgage, Real Estate
CFPB Actions Result in $11.7 Billion in Relief to 27 Million Consumers By Jeff Sorg, OnlineEd Blog (July 15, 2016) – July 21, 2016, will mark five years since the CFPB opened its doors. After the 2008 financial crisis, Congress created the CFPB as the only...
by Jeff Sorg | Sep 24, 2014 | California Real Estate, Georgia Real Estate, Mortgage, Nevada Real Estate, Oregon Real Estate, Real Estate
(Jeff Sorg, OnlineEd) – The US Circuit Court of Appeals, Sixth Circuit, has issued a decision upholding a district court ruling that several defendants in the US and Canada deceived consumers through a telemarketing scheme designed to sell phony mortgage...
by Jeff Sorg | Aug 14, 2014 | California Real Estate, Georgia Real Estate, Mortgage, Nevada Real Estate, Oregon Real Estate, Real Estate
(Jeff Sorg, OnlineEd) – The US Department of Housing and Urban Development (HUD) announced that Freedom Mortgage Corporation will pay $104,000 to settle allegations that it discriminated against mortgage loan applicants with disabilities by requiring them to...
by Jeff Sorg | Aug 14, 2014 | California Real Estate, Georgia Real Estate, Mortgage, Nevada Real Estate, Oregon Real Estate, Real Estate
(Jeff Sorg, OnlineEd) – The Consumer Financial Protection Bureau (CFPB) has found that Amerisave lured consumers by advertising misleading interest rates, locked them in with costly up-front fees, failed to honor its advertised rates, and then illegally...
by Jeff Sorg | Aug 8, 2014 | California Real Estate, Georgia Real Estate, Mortgage, Nevada Real Estate, Oregon Real Estate, Real Estate
(Jeff Sorg, OnlineEd) Preet Bharara, the United States Attorney for the Southern District of New York, and Christy Romero, Special Inspector General of the Troubled Asset Relief Program (“SIGTARP”), announced charges against PED ABGHARI, also known as “Ted Allen,”...