By Frank Ceizyk
Posted To: Community Commentary
As the Consumer Finance Protection Bureau enters its second year as the oversight regulator for the mortgage industry, the bulk of media focus is on how difficult it is to get a loan now, and on reporting enforcement actions for business practices that result in large fines. These articles do little to build trust with a public that is still trying to decide whether homeownership is worth it anymore. In a room full of friends and family, inevitably I meet someone who talks about an experience they had either first hand, or through someone close to them that involves losing their house, or selling it a large loss. Then they hear stories about how difficult it is to get a mortgage, and become discouraged and cynical about the entire home buying or home refinancing process. Sadly, they have no…(read more)
Via:: How the Mortgage Industry Already Protects Consumers
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