SOURCE: Mortgage News Feed
The Consumer Financial Protection Bureau is taking action against a mortgage company for advertising that the CFPB says led consumers to believe the lender was affiliated with the U.S. government. The agency is ordering California-based RMK Financial to pay $250,000 for deceiving borrowers with claims of government affiliation through its marketing of Federal Housing Administration and Veterans Affairs loans.
To read the entire article, please visit:
About The Author
Each week we post articles on FHA/VA Government news topics, ranging from FHA Direct Endorsement Underwriters, to current FHA underwriting guidelines, to new FHA rules/regulations, FHA compliance, FHA lending requirements and much more! PLEASE NOTE: We are NOT owned, operated or affiliated with HUD, FHA or the Federal Government in any way.