CFPB Helping Borrowers Feel More Comfortable. Lenders? Not Yet.
October 1, 2012
The CFPB appears to be helping borrowers feel better about taking out a mortgage over the Internet, according to a top industry technology firm. Mortgage Marvel, the online mortgage shopping service of mortgage technology firm Mortgagebot, recent conducted an examination of its application history and data to help answer the question: Is the CFPB friend or foe? According to the data, applications are up significantly when compared to last years data, said Rick Allen, senior vice president of client services...