CFPB’s new rule will shine light on mortgage market practices
Today the CFPB is updating the Home Mortgage Disclosure Act (HMDA) requirements with a new rule that will shine more light on lending practices in America's...
Blog
Hudson City Savings Bank tendrá que pagar $27 millones para aumentar el acceso al crédito en vecindarios predominantemente negros e hispanos contra los que discriminaba
Cuando usted está buscando una hipoteca, usted no debería tener que preocuparse por que lo discriminen. La Ley de Igualdad de Oportunidades de Crédito...
Know Before You Owe: New mortgage disclosures, new rule
Today, the process of getting a mortgage is easier to understand because the Know Before You Owe mortgage disclosure rule is now in effect. We've put...
Understanding the mortgage process: Your home loan toolkit
To help you navigate the steps you have to take to get a mortgage, take a look at our new booklet, "Your Home Loan Toolkit: A Step-By-Step Guide." This...
Know Before You Owe: Closing Disclosure
The Closing Disclosure is a five-page form that helps you understand the key features, costs, and risks of your mortgage loan. These changes make it easier...
Know Before You Owe: Loan Estimate
The new form is part of our Know Before You Owe mortgage disclosure rule that's making the mortgage process work better for you. The Loan Estimate uses...
HMDA data shows more people took out a mortgage to purchase a home in 2014 than 2013
As part of our work to educate consumers to make informed financial decisions, we at the CFPB—along with the other members of the FFIEC—are committed to...
Buying a House: The homebuyer’s trusted resource
At the CFPB, we are working to make the process of getting a mortgage simpler and easier to understand. Part of that work is a new rule that improves...
Know Before You Owe: Making the mortgage process easier for you
You have the right to compare offers and understand the terms before you sign on the dotted line. After four years of work, these new forms and tools will...
Three things to do before closing: What we learned from studying eClosing
Today we're releasing the results of a pilot program where we explored tools and process changes that can help consumers better navigate closing by...
Live from CFPB: Forum on Know Before You Owe eClosing pilot
Today, we held a forum on our Know Before You Owe eClosing pilot findings here at the CFPB. The forum featured remarks from Director Richard Cordray, as...
You have the right to a fair financial marketplace
Since 2011, we have secured over $10.8 billion dollars in relief for more than 25 million consumers harmed by illegal practices.
The Know Before You Owe mortgage rule will take effect October 3, 2015
Today, we're issuing a final rule delaying the effective date for the Know Before You Owe mortgage disclosure rule to October 3, 2015. The Know Before You...
Save the date, Know Before You Owe Forum on eClosing
The forum will take place on Wednesday, August 5 at 1 p.m. EDT, and will feature remarks from Director Richard Cordray, as well as a panel discussion with...
Applying for a mortgage can be complicated: Navid’s story
We know that buying a home can be complicated, and that's why we've created tools to help home buyers understand and shop for mortgages. We're glad that...
Know Before You Owe: You’ll get 3 days to review your mortgage closing documents
Giving you three business days to review your Closing Disclosure before you sign on the dotted line is designed to protect you from surprises at the closing...
Spring 2015 rulemaking agenda
An important part of our mandate is to make rules more effective and create new rules when necessary. Today, we're posting a semi-annual update of our...
Income from the Section 8 Housing Choice Voucher Homeownership Program shouldn’t mean you don’t qualify for a mortgage
Everyone should be able to qualify for mortgages they can afford based on their stable income. Our reminder to mortgage lenders should help people who...
The VA doesn’t send you mortgage ads
We're announcing an enforcement action against a lender that wrongfully used the logos of the Department of Veterans Affairs (VA) and the Federal Housing...
5 reasons to check out our Owning a Home tools now
This week, we're launching our latest effort to help you navigate the market, ask the questions, and take the steps that will help you to find the mortgage...
Nearly half of mortgage borrowers don’t shop around when they buy a home
We shop to find the best price for laptops or appliances, but a report of recent mortgage borrowers found that almost half of us don't shop around for a...
Fall 2014 rulemaking agenda
Today, we're posting a semi-annual update of our rulemaking agenda in conjunction with a broader initiative led by OMB to publish a Unified Agenda of...
Proposed changes to our Mortgage Servicing Rules: New protections for surviving family members and other homeowners
Since the Mortgage Servicing Rules went into effect, we've spent a lot of time talking to consumer advocacy groups, housing counselors, mortgage servicers...
Social Security disability income shouldn’t mean you don’t qualify for a mortgage
Today, we're reminding lenders that placing unnecessary documentation requirements on recipients of Social Security disability income, including disabled...
Know Before You Owe: Proposed updates to TILA-RESPA final rule
Nearly a year ago, we issued the TILA-RESPA Integrated Disclosure Rule. Many of you know this work as Know Before You Owe and we've been talking about it...