CFPB Bites of the Month - 2024 Annual Review - Mortgage
The article outlines key developments in the mortgage industry for 2024, focusing on the CFPB's actions and statements regarding refinancing processes, closing costs, and regulatory changes. It highlights concerns about minority homeowners' access to refinancing benefits, the impact of rising interest rates, and the CFPB's initiatives to address closing costs and junk fees. Additionally, it discusses the CFPB's efforts to combat discrimination in mortgage lending and the implications of recent legal actions against mortgage companies.
JD Supra