Fort Lauderdale Blog

What to Do after Buying Your Dream Home

What to Do after Buying Your Dream Home

Contributed by Chan Plett

It's finally yours. The paperwork's all signed and you've secured one of the most important investments of your life: your dream home! What happens next? Most new homeowners often find it difficult to transition into their new house or home, but the next five steps are key to a seamless move into the home you've been coveting.

CFPB Provides Guidance on Marketing Service Agreements

CFPB Provides Guidance on Marketing Service Agreements

The Consumer Financial Protection Bureau (CFPB) recently issued a bulletin providing guidance to the mortgage industry regarding marketing services agreements. The bulletin offers an overview of the federal prohibition on mortgage kickbacks and referral fees, and describes examples from the Bureau’s enforcement experience as well as the risks faced by lenders entering into these agreements. During the course of supervising mortgage lenders and enforcing federal law, the Bureau has found that marketing services agreements carry legal and regulatory risk for lenders.

“We are deeply concerned about how marketing services agreements are undermining important consumer protections against kickbacks,” says CFPB Director Richard Cordray. “Companies do not seem to be recognizing the extent of the risks posed by implementing and monitoring these agreements within the bounds of the law.”