The CFPB And Conference of State Bank Supervisors Warn Mortgage Servicers To Adhere To The CARES Act For The 3rd Time Government agencies have issued a third warning to mortgage servicers to adhere to the CARES Act. The CFPB and the Conference of State Bank Supervisors have sent their third warning to mortgage servicers. The […]
Mortgage Forbearance Alert: Whopping 4.2 Million Homeowners Are In Mortgage Forbearance Agreements Mortgage lenders across the USA have placed a whopping 4.2 million mortgage in mortgage forbearance. The Mortgage Bankers Associations says this represents 8.4% of outstanding home loans. The numbers increased from 4.1 million mortgages last week. The MBA says Ginnie Mae mortgages were […]
Mortgage Servicers Busted Reporting COVID-19 Mortgage Forbearance Agreements To Credit Reporting Agencies Mortgage servicers are at it again with the shady tactics. This time they are reporting COVID-19 mortgage forbearance agreements to the credit reporting agencies. Mortgages in forbearance as a result of COVID-19 have to be reported as “current” on credit reports. That’s the […]
Experian Data Breach Has Consumers Flocking To Bureau’s Website To Dispute Information The news of the Experian data breach two years ago had our phones ringing. Now with news of the Equifax breach, the phones are ringing again. Consumers want to know if their private information is safe from identity thieves. They also want to […]
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