CFPB fines mortgage lender $250K for claiming government affiliation in ads

FHFA: Principal reduction would cost Fannie, Freddie $100 billion Both GSEs owe the Treasury $151 billion in bailouts, and their regulator the Federal Housing Finance Agency said a wide-scale principal reduction program would cost Fannie and Freddie $100 billion. Of the .9 billion allocated for HAMP and other housing programs, the Treasury has spent only $2.3 billion.

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McCain also promised to move the White House’s office of political affairs — an office formerly headed by Karl Rove and targeted by a key congressional Democrat for budget cuts — out of the federal.

The second action had to do with three mortgage companies who were hit for ads that. pieces claiming to be a HUD-approved lender, of government affiliation.

FHFA delays principal reduction ruling After tacitly supporting the policy and hinting at a definitive approach, the FHFA has delayed its decision on principal reductions. Facing mounting support for the policy, Acting Director Ed DeMarco reversed himself somewhat in early April when he came out in favor of a principal reduction program with limited scope and specific targets among the nation’s distressed homeowners.

Co-marketing Program Likely at Risk as CFPB Continues to Ramp up Enforcement. USA Today: Quoted in the article, “Allied Mortgage Company survives.. RESPA & ADVERTISING: It pays to advertise but when you're advertising. Banker Branch pays $250K An Atlanta branch of Coldwell Banker settles with HUD with.

Fannie Mae’s latest quarterly Mortgage Lender. when they assign FHA-insured reverse mortgages to the agency for claim. government mortgage financing.

Home-loan payoffs in Colorado fall to 5-year low A first mortgage is in first position on the property that secures the mortgage. Excel Financial Group has access to a wide variety of loan options and at extremely competitive low interest mortgage rates here in Colorado. A second mortgage is a loan taken out on a property that already has a mortgage.

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Potential misrepresentations about government affiliation.. the FTC’s jurisdiction that advertise mortgages – mortgage lenders, Lenders Compliance Group.

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