Archive for the ‘Show On Home’ Category

President Obama recently gave a speech in Arizona announcing areduction in mortgage insurance premiumscharged by the Federal Housing Administration (FHA).

This much-needed policy change will save homeowners with FHA loans an average of $900 a year on their mortgage payments while making the dream of homeownership more affordable and easier to reach for many Americans, including Latinos.

Unfortunately, the key message and potential benefits to hard-working Americans were lost following the announcement.

The CFPB Empowers Homebuyers

January 16th, 2015 by admin

Yesterday, the Consumer Financial Protection Bureau (CFPB) released new online toolsto help consumers be better informed when purchasing a home.

Whether you dream of buying a home years down the line or are in the midst of closing now, these tools can give you helpful information specific to your needs.

Richard Cordray, Director of the CFPB, discussed the new tool, housing trends, and market improvements at The Brookings Institute.

In the live webcast (also below), he emphasized the need to change the market culture by empowering homebuyers with better information when purchasing their house—the largest asset that many will ever acquire.


One year ago, the Consumer Financial Protection Bureau (CFPB) introduced new rules to protect homeowners from incompetent customer service and abusive practices by mortgage servicers, the firms that manage mortgage payments.

Partnering with the National Housing Resource Center, NCLR surveyed housing counselors across the country to find out if mortgage servicers were following these rules.

Today, we’re releasing our findings in a report to show the progress made and provide recommendations for further improvement.

In the survey, we asked housing counselors to tell us how mortgage servicers had improved their communications with homeowners and housing counselors.