by Jeff Sovern As previously reported in The New York Times and CFPB Monitor, a CFPB report based on data in the National Survey of Mortgage Borrowers has found that nearly half of borrowers don't shop for a mortgage. The new report,taken together with my earlier survey of mortgage brokers finding that consumers virtually never back […]
Here (HT: Peter Holland).
As we've discussed recently, the Supreme Court is set to decide by June whether the Fair Housing Act covers policies and practices that contribute to racial segregation in housing where there has been no showing they were intended to do so. (See here and here, for instance.) This morning, Brian discussed some of the historical […]
That's the question posed by law professor and writer Garrett Epps in this article about Wednesday's Supreme Court oral argument (and the issues raised by it) in Texas Department of Housing and Community Affairs v. The Inclusive Communities Project, Inc. — the case about whether the Fair Housing Act authorizes claims based on disparate impact (and […]
Here, in the Washington Post
by Jeff Sovern Peter Holland has an interesting blog post pulling together a lot of the most significant findings of our arbitration study and adding his own commentary. Meanwhile, Ballard Spahr lawyers Alan Kaplinsky, Mark Levin, and Daniel McKenna responded to my earlier American Banker op-ed in an op-ed of their own, claiming Consumers Fare Better […]
The Consumer Financial Protection Bureau this week finalized changes to the “Know Before You Owe” mortgage disclosure rules. The changes were proposed in October and address (1) when consumers will receive updated disclosures after locking in an interest rate and (2) how consumers receive information regarding certain construction loans. The final rule is posted here. […]
Reporter Linda Greenhouse had this op-ed in yesterday's New York Times about issues that have arisen and will remain if the Supreme Court strikes down state bans on gay marriage. She notes a "a pipeline’s worth of cases in which florists, bakers and owners of wedding venues are invoking claims of conscience to shield them […]
The Federal Trade Commission yesterday issued a study on credit report accuracy. The study found that "most consumers who previously reported an unresolved error on one of their three major credit reports believe that at least one piece of disputed information on their report is still inaccurate." The congressionally mandated study on national credit report […]
Here's the transcript of this morning's Supreme Court arguments in Texas Department of Housing, the case about disparate-impact liability under the Fair Housing Act.