ARTICLE
6 February 2019

CFPB Reports On Trends In Consumer Mortgage Complaints

CW
Cadwalader, Wickersham & Taft LLP

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Cadwalader, established in 1792, serves a diverse client base, including many of the world's leading financial institutions, funds and corporations. With offices in the United States and Europe, Cadwalader offers legal representation in antitrust, banking, corporate finance, corporate governance, executive compensation, financial restructuring, intellectual property, litigation, mergers and acquisitions, private equity, private wealth, real estate, regulation, securitization, structured finance, tax and white collar defense.
In a new Report, the Consumer Financial Protection Bureau ("CFPB") reviewed trends in mortgage complaints during the last two years.
United States Consumer Protection

In a new Report, the Consumer Financial Protection Bureau ("CFPB") reviewed trends in mortgage complaints during the last two years. The Report addresses the five most common types of mortgage complaints, including: (i) "trouble during payment process," (ii) "struggling to pay mortgage," (iii) "applying for a mortgage or refinancing an existing mortgage," (iv) "closing on a mortgage" and (v) a "problem with a credit report or credit score." Mortgage consumers also complained about (i) the "conventional home mortgage" and (ii) the "home equity loan or line of credit."

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