Latest posts
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CFPB Mortgage Junk Fees Refund: $50M Regulatory Action
Regulators just ordered a massive $50 million CFPB mortgage junk fees refund. Homeowners hit with illegal servicing charges must now review their escrow statements and await federal checks. Key Facts The Consumer Financial Protection Bureau penalized a major mortgage servicer. The company systematically charged illegal pay-to-pay fees and excessive property inspection fees. Federal regulators ordered…
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Mortgage Rates Dip to 6.67%—But Stay Above 2025
Freddie Mac’s latest survey puts the average 30-year fixed mortgage rate at 6.67%, down two basis points weekly. The figure covers selected conventional purchase applications and is not a quote available to every borrower. Key Facts The 30-year average fell to 6.67% from 6.69%, but remained above last year’s 6.58%. The 15-year average fell to…