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CFPB Nails Mortgage Lender for Illegal Referral Kickbacks
CFPB Nails Mortgage Lender for Illegal Referral Kickbacks The Consumer Financial Protection Bureau took action Thursday against a Missouri-based mortgage lender and its owner for funneling illegal kickbacks to a bank in exchange for real estate referrals. The agency is ordering the lender, Fidelity Mortgage 

Ohio Appellate Court Rejects Mortgage Servicing Class Action, Finds ...
Yesterday, the Eighth District Ohio Court of Appeals affirmed the dismissal of a putative class action raising claims against a noteholder, mortgage servicer, and law firm under Ohio's Consumer Sales Practices Act ("CSPA"). In Glazer v. Chase Home

Citigroup Inc (C): Judge allows expanded mortgage-bond class-action suits
U.S. District Judge Harold Baer has widened the scope of class-action litigation over the sale of over $34B in mortgage bonds. Investors can now join together to sue Citigroup (C), Goldman Sachs (GS) and UBS (UBS) over an estimated $11.9B worth of

NY Federal Court Allows RMBS Trustee Suit Against GE Mortgage To Proceed
On January 14, Judge Katherine B. Forrest of the United States District Court for the Southern District of New York denied a motion for judgment on the pleadings in an action brought by the Bank of New York Mellon as Trustee for GE-WMC Mortgage 

Call 12 for Action - mortgage consultants in hot water

Call 12 for Action - mortgage consultants in hot water

Current Mortgage Rates for Monday, January 8, 2018

Market Outlook 1.8.17 from Total Mortgage on Vimeo .

Where are mortgage rates going?        Fed speakers in focus today   

It’s been a while since we’ve had a heavy week of speaking engagements from Federal Reserve officials, but that’s what we’re getting this week with at least one speaking event every day.

Click here to get today’s latest mortgage rates (Jan. 9, 2018).

Kicking things off for the week we have three speaking engagements from the Boston, Atlanta, and San Francisco Fed Presidents.

Of course, financial market participants will be looking for clues about the next increase to the nation’s benchmark interest rate, the federal funds rate.

That rate got increased by a quarter point at their previous meeting in December, and the expectations are currently for multiple increases in 2018.

However, any projections about future monetary policy decisions are subject to being altered and adjusted as fresh data makes its way into the equation.

Trump administration must back CFPB action against PHH, top Democrat says

Sen. Sherrod Brown, the top Democrat on the Senate Banking Committee, is calling on the Trump administration to support the Consumer Financial Protection Bureau's enforcement action against PHH Corp., which agreed Wednesday to a $45 million settlement for foreclosure abuses.

PHH, a Mount Laurel, N.J., mortgage lender and servicer, agreed to pay $31 million to consumers as part of a settlement with 49 state attorneys general. The states found that PHH violated federal law by allowing the unauthorized execution of foreclosure documents, including improperly certifying and notarizing foreclosures, often referred to as "robo-signing."

"This settlement by a bipartisan group of 49 state attorneys general is a reminder that many Americans still haven't recovered from the abuses caused by the financial crisis," Brown, D-Ohio, said in a press release "I hope the administration takes their side by vigorously pursuing the CFPB's enforcement action against PHH and nominating a CFPB director with bipartisan support that will aggressively enforce consumer laws and stand tough against special interests and big banks."

How do I file a Quiet Title action on a securitized mortgage?

I have a mortgage that has been securitized through mers. It is in washington state. How do I file a Quiet Title action? Or also, how do I find a good attorney who will do so for a fair price?

Most attorneys are thoroughly ignorant about the problems with MERS and the impact on the title of properties that have been securitized by the Banksters.

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