The CFPB is going after ‘junk fees’ mortgage lenders charge at closing. This could get ugly
Housing Wire
MARCH 8, 2024
The Consumer Financial Protection Bureau (CFPB) will be closely scrutinizing what it described as “junk fees” imposed on borrowers when closing a mortgage. These charges – which benefit the lender but not the borrower – can add thousands to the upfront costs of a mortgage,” the White House said in a prepared statement.
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