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 [...]

A Look at the Housing Plank of the GOP Platform

By: Wednesday August 29, 2012 7:06 am

The GOP platform was approved and released last night, in that order. There have already been so many reports about parts of the platform, I don’t really feel the need to repeat everyone else. However, few words have been formed about the housing plank of the platform. So let me make my stand there. The [...]

Democrats Join Bid to Provide Safe Harbor For Mortgage Brokers

By: Wednesday July 18, 2012 11:02 am

The Consumer Financial Protection Bureau proved today it can engage in some fairly strong enforcement. Lawmakers in both parties want CFPB to ensure that individual homeowners cannot do the same thing. At issue are CFPB rules on mortgages, the first of many that will set new standards in the industry. A group of House Republicans [...]

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