25 Jan

Mortgage rates move up for Wednesday

Mortgage rates move up for Wednesday
Several benchmark mortgage rates rose today. The average rates on 30-year fixed and 15-year fixed mortgages both rose. The average rate on 5/1 adjustable-rate mortgages, the most popular type of variable rate mortgage, also notched higher. RATE SEARCH …
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Bankrate


Cordray Mum on Future Rulemaking, Defends Rules on Mortgage Lending
Consumer Financial Protection Bureau Director Richard Cordray defends his agency’s rules on mortgage lending but declines to say whether a Trump administration freeze on new regulations will apply to the CFPB.
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The Wall Street Journal


Citi mortgage units fined .8 million
The Consumer Financial Protection Bureau ordered CitiFinancial Servicing and CitiMortgage to pay $ 28.8 million for giving “the runaround” to cash-strapped homeowners who were facing foreclosure. “Consumers were kept in the dark about their options or …
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CNN Money