Director Chopra announced several new key leadership appointments, including two former Obama-era officials and a Biden campaign alum.
The news of incoming CFPB Director Rohit Chopra’s confirmation has inspired many feelings from the mortgage industry, but a forward-looking attitude from the reverse mortgage trade association.
The CFPB settled a lawsuit against the nation’s largest reverse mortgage lender for allegedly sending consumers inflated home valuations.
After months of delays and political roadblocks, the U.S. Senate on Thursday voted to confirm Federal Trade Commissioner Rohit Chopra as the third director of the Consumer Financial Protection Bureau.
According to CFPB data analyzed by AARP, reverse mortgages are far down the list when looking at the sources of financial “pain points” for seniors.
The Senate is poised to advance the nomination of Rohit Chopra as director of the Consumer Financial Protection Bureau (CFPB) after being held up since President Biden’s inauguration in January.
A new HMDA data analysis by the CFPB dives into 2020 in reverse mortgage originations, as well as a tabulation of the top 10 lenders for the year. Meanwhile in June 2021, wholesale outperformed the retail channel.
CFPB and U.S. Census Bureau data reveals that older homeowners are increasingly struggling with paying their traditional mortgages on time, and it’s even worse for older borrowers of color and multi-generational households.
Former CFPB Director Kathleen Kraninger has landed a new position with a company focused on the growing global cryptocurrency marketplace.
The White House has announced a series of new administration appointments, including the long-awaited nominee for a new FHA Commissioner and an interesting appointment of the Acting CFPB Director for a position at HUD.