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CFPB and Other Agencies Issue Final Standards for Assessing Diversity Policies and Practices of Regulated Entities

(Jeff Sorg, OnlineEd) – Federal agencies today issued a final interagency policy statement establishing joint standards for assessing the diversity policies and practices of the entities they regulate. Section 342 of the Dodd-Frank Wall Street Reform and...

Down Payments at 3-year Low Indicating First Time Buyers Enter Marketplace

IRVINE, Calif. – June 4, 2015 — RealtyTrac® (www.realtytrac.com), the nation’s leading source for comprehensive housing data, today released its Q1 2015 U.S. Home Purchase Down Payment Report, which shows the average down payment for single family homes, condos and...

CFPB Orders RPM Mortgage to Pay $19M for Steering Consumers to Costlier Mortgages

The Consumer Financial Protection Bureau (CFPB) filed a complaint in federal district court against RPM Mortgage, Inc. and its CEO, Erwin Robert Hirt, for illegally paying bonuses and higher commissions to loan originators to incentivize them to steer consumers into...

CFPB and State of Florida Obtain $27.7 Million Judgment Against Foreclosure Relief Scam

WASHINGTON, D.C. — Today, the Consumer Financial Protection Bureau and the State of Florida were granted a final judgment against the Hoffman Law Group and corporate affiliates accused of using deceptive marketing practices and scamming distressed homeowners into...