Mortgages After CFPB Shutdown

Welcome back, Dreammakers, to Today in Mortgages! In this episode, hosts Michael and Richard talk about the CFPB. It was established by congress to oversee lenders and give access to consumers to learn about mortgage lending, and make complaints. Tensions have come up in recent years, because it's led by one director and many believe it has become out of hand. Don't get us wrong, lenders in the business are better because of the CFPB, but they have gone past their core mission of serving consumers, by antagonizing lenders. The push now is to de-mantle the CFPB. Core question: without CFPB, are consumers still protected? Yes, the states all have regulatory bodies, but there is no central body. Leading to lots of different rules, and making it hard to stay compliant. Listen in as we discuss this and more!______ Grow Your Business: https://join.nflp.com/______Today in mortgages is produced by Network Funding, LP, which is an equal housing lender, NMLS# 2297. The content of this program is meant to be a commentary on mortgage and real estate news and any discussion of rates and or products should not be taken as individual mortgage or home buying advice or pricing estimates, and any commentary on this show is should not be considered a promise to make a loan. All applicants for a loan must qualify and you should consult a professional regarding your individual loan scenarios for your financial situation. Visit our website at nflp.com/licenses for all state licensing and other legal information.See more at TodayInMortgages.comWant to get expert coaching everyday and have the power of the best Network in Mortgages behind your production business? Learn more here. Learn more about Network Funding on our parent site. Today in mortgages is produced by Network Funding, LP, which is an equal housing lender, NMLS# 2297. Corporate office located at 10370 Richmond Ave. Suite 900, Houston, TX 77042. The content of this program is meant to be a commentary on mortgage and real estate news and any discussion of rates and or products should not be taken as individual mortgage or home buying advice or pricing estimates, and any commentary on this show is should not be considered a promise to make a loan. All applicants for a loan must qualify and you should consult a professional regarding your individual loan scenarios for your financial situation. Visit our website at nflp.com/licenses for all state licensing and other legal information.