As a homeowner, you’ve probably been glued to the mortgage rate news, wondering if now is the time to finally refinance your loan. Well, I’ve got some good news, mixed with a... Read more »
“We are seeing lead costs trend higher across the board,” said Praveen Chandramohan, senior vice president at Cotality Mortgage Data Solutions. “Because the ban removes a high-volume, low-cost source of data, lenders... Read more »
California Legal Implications: Bad Faith Actions Trigger Severe Financial Penalties A recent ruling in the California Court of Appeal serves as a stark warning to individuals managing estate assets. In the case... Read more »
The trigger leads bill has become a 2025 priority for the mortgage industry after failing to pass the House of Representatives last week, despite Senate approval. Mortgage trade groups, however, remain optimistic... Read more »
Mortgage trade groups recently came closer to achieving a legislative victory by curbing a longstanding practice: the abusive use of credit trigger leads. However, the outcome of recent elections has cast uncertainty... Read more »
The Mortgage Bankers Association (MBA) is prioritizing its legislative work on a bill that would ban the practice of trigger leads, in which consumer credit reporting agencies share with other lenders that... Read more »
The Homebuyers Privacy Protection Act of 2024, a U.S. Senate bill introduced this past December that targets mortgage trigger leads, has been incorporated into the fiscal year 2025 National Defense Authorization Act... Read more »
A coalition of bipartisan lawmakers in the U.S. Senate on Wednesday introduced legislation targeting the practice of mortgage trigger leads. The bill, designated “S.3502,” is designed to “amend the Fair Credit Reporting... Read more »
Consumer Financial Protection Bureau (CFPB) Director Rohit Chopra has made the rounds this week on Capitol Hill, providing testimony to Congress in their semi-annual reviews of the CFPB. On Thursday, Chopra took... Read more »