Florida AG joins CFPB, FTC enforcement sweep

Fannie Mae contractor responds to charges from National Fair Housing Alliance.. Florida AG joins CFPB, FTC enforcement sweep. Monsack Fonseca Morgan Stanley Mortgage mortgage fraud mortgage servicers national Mortgage Settlement Nationstar New York Attorney General Ocwen Office of the.

“The FTC will remain vigilant in our efforts to monitor this industry and stop unlawful conduct that harms both consumers and legitimate businesses and will continue to work with our law enforcement.

[7] Partnering with the Consumer Financial Protection Bureau The February 2014 meeting of the NAAG, and, in particular, the little-noticed remarks of CFPB Director Richard. increase in attorney.

MBA: Prime ARMs Set Tone for Troubled Mortgages in Q2 Teacher accused of affair with pupil admits she loved him – I knew how bad it looked and I would have destroyed his dream of an MBA – he was heading towards a distinction. 2005 Saville-King said she was doing nothing to keep the boy at "arms length". Asked.Potential felony charges make servicers pause Nevada foreclosures Potential felony charges make servicers pause Nevada. – Nevada County Real Estate | NevadaCounty.com – Page 3 – Bank of America bank of america short sales Foreclosures nevada county real estate short sales short sales in nevada. Servicers may not charge fees to borrowers/homeowners for participating in the FAP.. having pleaded guilty to 59 felony counts of embezzlement, securities fraud and.

How the CFPB and the FTC interact. the FTC no longer has enforcement authority. But the FTC retains jurisdiction over these non-bank entities when it comes to unfair or deceptive acts or practices and has concurrent jurisdiction with the CFPB on the Fair Credit Reporting Act.. That is not.

Half a Million Foreclosed Properties Face Hurricane Damage Study: Houston homes at elevated risk for flooding this hurricane season – The remainder of homes face “low” to “moderate” risk of flood damage, according to CoreLogic. Nationally, 6.8 million homes worth $1.5 trillion, are at risk of surge damage from a hurricane this year..

In 2014, working together with officials from fifteen states and the Federal Trade Commission, the CFPB filed lawsuits against "The_Mortgage Law_Group, LLP, the_Consumer First Legal Group,_LLC, and attorneys Thomas Macey, Jeffrey Aleman, Jason Searns, and Harold Stafford" for charging "illegal advance fees for services that falsely promised to prevent foreclosures or renegotiate troubled.

The Bureau’s Enforcement Policies and Procedures Manual for its enforcement staff provides a peek behind the curtain at how CFPB enforcement actions unfold. Despite the CFPB’s push for transparency, a copy of the 390-page document is not available on its otherwise comprehensive website. (By comparison, the Federal Trade Commission (FTC) has.

Modified seriously delinquent loans hold strong during mortgage crisis Mortgage Delinquencies Rise in August for 3rd Month in a Row. – The next graphic, from page 20 of the august mortgage monitor, first shows us the total count of mortgages that have been 90 days or more delinquent but not in foreclosure for every six months over the duration of the mortgage crisis, and then it gives us a color coded representation of the length of time that those seriously delinquent.Stick a Fork in It: Moody’s Downgrades 1,923 Subprime RMBS Classes — In Just Two Days Delays push foreclosures to 40-month low in April Ally Financial, formerly GMAC Mortgage, suspends foreclosures in 23 states Home prices rise 0.3% in August, up 5.6% since January In October, the teranet-national bank national composite house price index was up 0.3% from the previous month, slightly more than the average October rise of 0.2% since the Index series began in 1999. However, the advance was not very broad-based; prices rose in only six of the 11 metropolitan markets surveyed.NEW YORK, Feb 1 (Reuters) – Ally Financial. the United States, spiked to $9.3 billion in the fourth quarter from $5.9 billion a year earlier. The company said it had resolved the majority of.which will ultimately be felt by homeowners. Efforts to slow down foreclosures have created a huge backlog that has become known as the “foreclosure overhang.” This backlog has further depressed real estate markets that are still reeling from the recent recession. Today, over 90% of all new mortgages have direct guarantees from the federalFrom Paul Jackson at Housing Wire: Stick a Fork in It: Moody’s Downgrades 1,923 Subprime RMBS Classes – In Just Two Days Between Monday and Tuesday, calculations by Housing Wire show that the rating agency has slashed ratings on 1,923 tranches from 232 seperate subprime RMBS deals from 2005-2007 vintages.

In many situations, these officials and agencies coordinate to advance common or similar claims and actions. Against this backdrop, we created the Consumer Finance Enforcement Watch blog – the marketplace’s first resource for real-time reporting on the full range of public federal and state consumer finance enforcement activity.

Foreclosures, short sales increased 1% in Dec. Foreclosures expected to rise, pushing home prices lower – However, in the short term it would increase. a dip in foreclosure filings in December, but Chen said that appeared to be only a holiday hiatus by banks. She projected that home prices will trend.

FTC Rescinds FCRA Commentary in Handoff to CFPB . By . Andrew Smith and Nathan Taylor . Earlier this week, the Federal Trade Commission ("FTC") withdrew its Statements of General Policy or Interpretations under the Fair Credit Reporting Act ("FCRA"), 1. which includes the FTC’s Commentary on the Fair Credit Reporting Act.