The Mortgage Scam Against Widows, and Why No Mortgage Lender Should Ever Get Legal Immunity

By: Wednesday December 19, 2012 9:15 am

Dealbook had an item yesterday about the qualified mortgage rule and the bid by mortgage lenders to acquire a “safe harbor,” essentially a shield against consumer lawsuits, in the process. I’ve already gone over this topic and continue to oppose giving banks a safe harbor of any kind on the merits. But just to shift [...]

CFPB Considering Giving Blanket Safe Harbor Protections on Most Qualified Mortgages

By: Tuesday October 16, 2012 6:10 am

The Consumer Financial Protection Bureau may relent to a bipartisan desire to provide proactive legal immunity to mortgage lenders who originate qualified mortgages under a new rule from the Dodd-Frank law. Lenders who meet certain conditions on a mortgage they sell would get safe harbor, immunizing them from any private right of action over inaccuracies [...]

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