Christian Hancock

Jan 8, 2025 | jdsupra.com | Christian Hancock |Jonathan Kolodziej

On December 17, 2024, amid a flurry of activity by the Consumer Financial Protection Bureau (CFPB), the agency released an Issue Spotlight discussing “problems with mortgage companies” that homeowners face “after divorce or [the] death of a loved one.” The report relies on consumer complaints that have been submitted through the CFPB’s complaint portal to illustrate “the most common problems homeowners encounter with mortgage servicing companies” in these scenarios.

May 16, 2024 | jdsupra.com | Sarah Atkinson |Christian Hancock |Robert James Maddox

Based on a recent report from the Financial Stability Oversight Council (FSOC), nonbank mortgage companies (NMCs) need to prepare for additional regulatory scrutiny from both state and federal regulators. In the report, FSOC identifies NMCs as critical participants in both the residential mortgage origination and servicing industries.

Apr 26, 2024 | jdsupra.com | Christian Hancock |Robert James Maddox

The CFPB released its Supervisory Highlights, Mortgage Servicing Edition on April 24, 2024. These highlights share the CFPB’s findings from supervisory examinations completed between April 1, 2023, and December 31, 2023.

Jul 11, 2023 | jdsupra.com | Jason Bushby |Christian Hancock |Robert James Maddox

On June 21, 2023, the CFPB released two Data Spotlight reports focused on the Southern states, entitled “Banking and Credit Access in the Southern Region of the U.S.” and “Consumer Finances in Rural Areas of the Southern Region.” This blog focuses on the Consumer Finances Data Spotlight and is a follow-up to a previous blog post on the first CFPB publication.

Jul 6, 2023 | jdsupra.com | Jason Bushby |Christian Hancock |Robert James Maddox

On June 21, 2023, the CFPB released two Data Spotlight reports focused on the Southern states, entitled “Banking and Credit Access in the Southern Region of the U.S.” and “Consumer Finances in Rural Areas of the Southern Region.” This blog focuses on the Banking and Credit Access Data Spotlight and an upcoming blog will address the second CFPB publication.