eClosing and buying a home: Technology’s role in closing on a mortgage
Technology is transforming everything. Soon, consumers will find themselves being offered platforms that allow borrowers to access mortgage closing documents online.
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Seven factors that determine your mortgage interest rate
Understand the key factors that affect your interest rate. Use our Explore Rates Tool to see how they may affect interest rates for loans in your area.
Here’s what you need to know about the new FFIEC HMDA Examiner Transaction Testing Guidelines
Learn more about the new Home Mortgage Disclosure Act (HMDA) Resubmission Guidelines for all financial institutions that report HMDA data.
Top five consumer financial complaints reported across the U.S.
Read about top financial issues reported by consumers to the CFPB and get information to help if you have a similar issue.
We are seeking comment on our plan for assessing the ATR/QM rule
The CFPB will assess the Ability-to-Repay/Qualified
Mortgage (ATR/QM) rule. We are seeking
comments on our plan for the assessment.
Making the decision to rent or buy
Becoming a homeowner is a big decision—both personally and financially. As you decide whether owning a home is the right choice for you right now, here are...
We are proposing changes to Regulation C to help industry comply and are looking for your feedback
We are seeking comment on our proposal to clarify, make technical corrections, and minor changes to the data that financial institutions are required to...
Understanding Consumer Experiences: Insights from CFPB’s 2016 Consumer Response Annual Report
We recently published our
Consumer Response Annual Report, which provides an overview of the complaints
we received in 2016.
The Consumer Bureau is proposing changes to Regulation B to help mortgage lenders and is looking for your feedback
We
are seeking comment on our proposal to increase flexibility for mortgage
lenders in collecting certain information.
How to deal with “bad credit”—or no credit—when you want to buy a home
If you want to buy a home but you’re concerned about your credit score or credit history, we can help you understand your choices.
Making the move to homeownership on your own or with someone else
While married couples make up the majority of home buyers, single women make up the next biggest segment of home buyers and outpace single men more than two...
How to decide how much to spend on your down payment
Your down payment will affect not just how much money you need to bring to closing, but also how much your mortgage will cost overall. Read on to find out...
Your mortgage calculator may be setting you up for a surprise
Key things to keep in mind when you use a mortgage calculator to calculate your monthly mortgage payment.
Buying a home? The first step is to check your credit
Reviewing your credit is the first step to building a strong financial foundation for your new home.
A Veterans Day complaint review: VA home loan refinancing
Our report highlights trends and issues reported in servicemember complaints about VA mortgage refinances. We also have direct-to-consumer tips to remember...
We’ve updated our mortgage servicing rules to provide greater protections for mortgage borrowers and other homeowners
Today we finalized new changes to our mortgage servicing rules. These updates ensure that mortgage servicers treat homeowners and struggling borrowers...
Consumers Count: Tools and resources for money decisions
Take control of your financial life with these ten tools that can help you make choices at the grocery store, pay your credit card bill, and deal with debt...
La delimitación ilegal: Acción del CFPB y del Departamento de Justicia requiere que el banco BancorpSouth pague millones de dólares a consumidores perjudicados
El banco BancorpSouth pagará $10.6 millones para responder al problema de la delimitación ilegal y otras alegaciones de discriminación, luego de que por...
Redlining: CFPB and DOJ action requires BancorpSouth Bank to pay millions to harmed consumers
BancorpSouth Bank will pay $10.6 million to address redlining and other discrimination claims. After, for the first time, we used undercover testers to help...
Mortgage Moves: How many loan offers will you get?
Let's look at what happens when you find the right home. It's easy to get excited about the thought of owning your own home, but not about the process of...
Mortgage Moves: What kind of mortgage will you get?
Choosing the right mortgage isn't quite as fun as shopping for the right home, but it's just as important. Most people will need a mortgage to buy a home...
Mortgage Moves: How will you approach your search?
Note: This is the third blog in a series where you can make choices about buying your first home. Once you have a target home price in mind, you may feel...
Mortgage Moves: How much can you afford?
A home may be the most expensive thing you will ever buy, and it can be hard to figure out how much you can afford. How will you decide how much to spend on...
Mortgage Moves: Where will you start?
We have a lot of information to help you through the process of getting a mortgage. In this blog series, we'll help you think about factors you'll likely...
El Banco de Ahorros Hudson City pagará $27 millones para aumentar el acceso al crédito en vecindarios mayormente afroamericanos e hispanos que discriminaba
Cuando usted está buscando una hipoteca, no debería tener que preocuparse por que lo discriminen. La Ley de Igualdad de Oportunidades de Crédito (ECOA, por...