The Boston College Center for Retirement Research aims to dive deeper into troubling CFPB data regarding the financial stability of seniors needing to make mortgage payments.
CFPB
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.
An editorial at MarketWatch describes what the consideration of a reverse mortgage could mean for a senior borrower in retirement, in part citing CFPB research criticized by a retirement researcher and the industry’s trade association.
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.
The U.S. Supreme Court decided that the single-director structure of the Federal Housing Finance Agency (FHFA) violates the Constitutional separation of powers – echoing a similar 2020 decision regarding the CFPB – and the White House will move swiftly to name a new director for the agency.
The Consumer Financial Protection Bureau (CFPB) is marking June 15’s World Elder Abuse Awareness Day with the addition of new educational resources which are designed to combat harmful practices aimed at older Americans.
With pandemic moratoriums on foreclosures and evictions set to expire soon, some have worried about a wave of foreclosures hitting the nation. That fear may not come to pass, according to reporting at Axios.
President Biden’s nominee to serve as the full-time Director of the Consumer Financial Protection Bureau (CFPB), Federal Trade Commissioner Rohit Chopra, remains unconfirmed over four months after his nomination which appears to stem from partisan concerns about the balance of power at the Federal Trade Commission (FTC).
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