CFPB Puts 44 Mortgage Lenders and Brokers on Notice That They May Be Required to Report Mortgage Data


CFPB Puts 44 Mortgage Lenders and Brokers on Notice That They May Be Required to Report Mortgage Data

WASHINGTON, D.C. –(ENEWSPF)–October 27, 2016.  Today the Consumer Financial Protection Bureau (CFPB) is issuing warning letters to 44 mortgage lenders and mortgage brokers. The Bureau has information that appears to show they may be required to collect, record, and report data about their housing-related lending activity, and that they may be in violation of those requirements.

“Financial institutions that fail to report mortgage information as required make it harder to identify and address discriminatory lending,” said CFPB Director Richard Cordray. “No mortgage lender that is required to report their loan data can avoid this responsibility.”

The Home Mortgage Disclosure Act, which was originally enacted in 1975, requires many financial institutions to collect data about their housing-related lending activity, including home purchase loans, home improvement loans, and refinancings that they originate or purchase, or for which they receive applications. Annually, these financial institutions must report to the appropriate federal agencies and make the data available to the public. The public and regulators can use the information to monitor whether financial institutions are serving the housing needs of their communities, to assist in distributing public-sector investment so as to attract private investment to areas where it is needed, and to identify possible discriminatory lending patterns.

Data transparency helps to ensure that financial institutions are not engaging in discriminatory lending or failing to meet the credit needs of the entire community, including low- and moderate-income neighborhoods. Financial institutions that avoid their responsibility to collect and report mortgage loan data hinder regulatory efforts to enforce fair lending laws.

The CFPB identified the 44 companies by reviewing available bank and nonbank mortgage data. The warning letters flag that entities that meet certain requirements are required to collect, record, and report mortgage lending data. The letters say that recipients should review their practices to ensure they comply with all relevant laws. The companies are encouraged to respond to the Bureau to advise if they have taken, or will take, steps to ensure compliance with the law. They can also tell the Bureau if they think the law does not apply to them. The CFPB, in sending these letters, made no determination that a legal violation did, in fact, occur.

A sample letter is available at:

In October 2015, the CFPB finalized a rule updating the reporting requirements of the Home Mortgage Disclosure Act regulation. The rule will improve the quality and type of data that is collected and reported, including shedding more light on consumers’ access to credit. Most of the provisions of the final rule will take effect on Jan. 1, 2018.

In October 2013, the CFPB released a bulletin putting mortgage lenders on notice about the importance of submitting correct mortgage loan information.

For mortgage loan questions or to submit a complaint, consumers can contact the CFPB at (855) 411-2372 or visit


The Consumer Financial Protection Bureau is a 21st century agency that helps consumer finance markets work by making rules more effective, by consistently and fairly enforcing those rules, and by empowering consumers to take more control over their economic lives. For more information, visit



7 Responses to “CFPB Puts 44 Mortgage Lenders and Brokers on Notice That They May Be Required to Report Mortgage Data”
  1. incognito123 says:

    And just who are these 44 “banks”??

  2. Forum Post: “Fraud On The Court By An Officer Of The Court” And “Disqualification Of Judges, State and Federal”
    Posted 4 years ago on Dec. 16, 2011, 11:42 a.m. EST by nighttalker (57) from New York, NY
    This content is user submitted and not an official statement

    Whenever any officer of the court commits fraud during a proceeding in the court, he/she is engaged in “fraud upon the court”. In Bulloch v. United States, 763 F.2d 1115, 1121 (10th Cir. 1985), the court stated “Fraud upon the court is fraud which is directed to the judicial machinery itself and is not fraud between the parties or fraudulent documents, false statements or perjury. … It is where the court or a member is corrupted or influenced or influence is attempted or where the judge has not performed his judicial function — thus where the impartial functions of the court have been directly corrupted.” “Fraud upon the court” has been defined by the 7th Circuit Court of Appeals to “embrace that species of fraud which does, or attempts to, defile the court itself, or is a fraud perpetrated by officers of the court so that the judicial machinery can not perform in the usual manner its impartial task of adjudging cases that are presented for adjudication.” Kenner v. C.I.R., 387 F.3d 689 (1968); 7 Moore’s Federal Practice, 2d ed., p. 512, ¶ 60.23. The 7th Circuit further stated “a decision produced by fraud upon the court is not in essence a decision at all, and never becomes final.

    • Tom says:

      So this is basically saying that all of those fraudulent foreclosures aren’t final, but with no one out there to investigate and prosecute the corrupt Judge’s, who were clearly working with the banksters and lawyers to push through as many fraudclosures as possible, to get their cut of the profits in kickbacks, how does it get resolved now?
      I’m sure that they have destroyed as many documents as possible after the fraudclosures were finalized by them, even though this states they never became final, due to the fraud.
      So that states that the courts and State governments owe people a lot of money in damages!!!

      The one person from the courtroom we were in, that also wanted the corruption stopped, was the Court Recorder. He was supplying documents to the victims going through the fraudclosures proving the fraud, along with all the other documents people had proving the fraud, but who do you contact to go after the legalized thieves?
      We all tried reporting what was going on, and our complaints were totally ignored.
      Why? Was it so massive of a scam that there was no way they were going to have the rest of the citizen’s find out just how corrupt the courts have become?
      Too many high level politician’s also involved?
      Too much MOB involvement, and like Mike says, the whole country has been taken over and controlled by the MOB now?
      That’s right, it’s not MOB, it’s crime family’s!
      What part about “crime” family’s doesn’t anyone see that would give them away as something that needs to be shut down?
      I would have to say that the word “crime” is a good hint, or is everyone just that dumb and blind?
      And they will never be shut down because they know exactly which palms to grease in kickbacks that allows their “crime” family’s to continue with their never ending scams to rob the American public blind.

      It’s nice that you found the legal jargon posted about court fraud, but when the people that are in those high positions have no fear in violating those laws, because they know they are above all laws, and nothing will ever change since they are all watching each other’s backs.

      What do we do now? Form a new legal system to go after the legal system that has failed due to massive corruption, where they turned the existing court system into nothing more than a huge MONEY generating extortion racket business, that no longer has anything to do with law and real justice?

      Or have it all start again where people try to present facts in court, get removed from the courtroom and brought back in handcuffs for so-called Contempt, which was an act by the Judge to belittle the person and silence them from presenting their facts.
      Or have the Judge shut you down and just keep stating that the case is beyond the Discovery Phase, so they can finalize the fraudclosure while having the banksters lawyers snickering at you while they complete their act of fraud.

      Just like the other people were saying, they might as well have taken everyone out to the back alley, put guns to their heads, and said sign over your property’s or die. Yes it was about that bad!
      And they knew there wasn’t going to be anything done to them for the crimes they committed!

      If anyone needs more proof on how bad and corrupt things are, just look at what Hillary has gotten away with, and continues to get away with! Even with more and more evidence coming out against her, nothing will be done because she is above all laws!
      She is just more proof of the double standards this country has for a so-called justice system that protects the wealthy corrupt while allowing the corruption to continue financially raping its citizen’s.

      With Hillary’s actions, every person that is caught drunk driving can now use her defense.
      They can now say that they “made a mistake” and it wasn’t intended to happen.
      The alcohol caused it because there was “no intent at the time” and no prosecutor in his right mind would bother filing any charges.

      There’s now all kinds of crimes that people can now use that defense with. She has opened the door for everyone to walk away free from crimes now.
      Maybe that will be her best contribution to society. “The Hillary Defense Act!”

      Or use the other new one called “Afluenza”. The defense that being raised as a spoiled brat allows you to NOT know the difference between right and wrong, and it allows you to walk free from all crimes committed!
      Basically stating that you are a MONEY DRUNK and that is what caused you to commit crimes. And since it is diagnosed as a disease you can walk free and seek treatment.
      Go out rob a bank, get caught, take a pill, because you have “Afluenza”. No jail time because you are sick!
      Or get some girl drunk and passed out and rape her behind a dumpster and walk away with the same defense tactics. Just because you came from a wealthy corrupt family that created your disease you get to walk away free.
      And then to tell people there isn’t anything different on how laws are applied and everyone receives equal justice? BS!!!

      Such a great system we live in, isn’t it?
      Totally disgusting and it’s going to get a lot worse before anything ever changes.
      Just wait until November 9th gets here! All hell is going to break loose!
      People are fed up with the lies and BS and they are going to demand and force the changes that were supposed to have been made many years ago, but as usual, they were all nothing more than lies after lies after lies!!!

  3. mike Drouin says:

    We all would like to believe in our Justice System , that it will provide ” Liberty and Justice for all ” But the Money has corrupted the system . Tom in another post said ” the wealthy corrupt are stealing from the struggling poor ” and they have the system protecting them !!! The CFPB put on notice ….. what does that mean ???? they gave them warning to get their accounting fraud in order ??? America is being ruled by organized crime , and for now , the power is in the hand of the rich elite ! America and what it stood for is finished ! and things will progressively get worse before they could ever get better ! You better hope Clinton doesn’t take the White House because you will really feel the effects of a TYRANT !!!

    • Tom says:

      It’s been a very sad time for America for many many years. The country is now at its breaking point and all the signs of total dysfunction are being exposed.

      I look back when I was growing up where neighbor’s were neighbor’s. If someone was sick or hurt and couldn’t work, the rest of the neighborhood came around to help them until they were healed.
      Nowadays when someone is sick or injured and can’t work, people come around to see what they can steal from them. Even family is at that point of finding ways to steal from each other whenever they see an opportunity to do so.

      Back then, laws were laws, and they applied to everyone equally for the most part. Not anymore!
      The wealthy corrupt MONEY DRUNKS are all working together to protect themselves while they systematically financially rape the rest of the country!

      The addiction to the MONEY has really ruined this country! A country that is supposed to be setting great examples for the rest of the world to see how our system, supposedly built on strong morals and values, is the best system out there, but it has only shown the rest of the world how easy it is to be corrupted, and how it will go around bullying the rest of the world into believing our system is the best.
      Especially since this system victimizes its own citizen’s whenever it gets a chance now!

      People are so brainwashed by the paid off Media and actually believe all the propaganda that is hitting them day after day, where they have become programmed robots that actually believe everything is still fine, and getting better.
      And then they actually believe the lies where they say Hillary will fix everything when she is elected.
      If Hillary gets elected, or should I say appointed, she will be the first President in history that has the most visible signs of corruption ever to be elected to office.
      And every day more and more corruption is being exposed about the Clinton’s and Hillary!
      Anyone else that committed 1/1000th of what she has committed in crimes would be put under the jail already!

      This election is more proof on just how bad our country has become! With the hundreds of millions of people in this country, this is the best we can offer the “We the People” with these two candidates?

      What do people do when their children start to act like spoiled brats? The kids get punished, right?
      They then learn right from wrong as they grow up! Or at least they should learn if the discipline is consistent!
      What happens when the spoiled brat adults commit illegal actions, they get punished and maybe go to jail, right? WRONG!
      The spoiled brat elitists are rewarded with huge bonuses, bailouts, no form of any real punishment for their spoiled brat behavior, so they just continue doing whatever they were doing before, because they are always bailed out and never face any real consequences for their spoiled brat behavior.

      The sad thing too is, that most people won’t even know what you are talking about, because when you are in it, willingly or not, you can’t see! When people wake up is when they admit that they now know what you were talking about. For most people though, it’s too late!

      We are all at one time or another, taught to be honest, work hard, get as much education as we can, and help everyone grow in positive ways for a building a better nation for everyone. That’s just being UNITED!
      “UNITED WE STAND, DIVIDED WE FALL” That is a phrase that was put in place for everyone to read, apply, and understand.
      We are so DIVIDED now that we are going to FALL very hard. Just like every other so-called super power in the past has done.

      When the power of the dollar causes people to start using and abusing their professions, and causing harm to a lot of people around them just to get more of their MONEY FIX, they failed the system, their family’s, friends, and neighbor’s.
      When you have the system protecting the now massively corrupted society, the system has totally failed.

      They now predict that November 9th, regardless of the outcome of the election, will be the beginning of mass rioting, and possibly the beginnings of another Civil War.
      THAT’S SICK!!!

      Even worse is that the “We the People” allowed all of this to happen!
      If Hillary gets elected, people say that we will get just what we deserve, and it’s not going to be good!

      So maybe when it is all over, and more people are thrown out of their homes, crime rises due to allowing the open borders to stay open, more jobs lost because businesses are moving overseas, higher taxes for the people that can’t make ends meet now, the wage gap increasing more due to the illegals keeping wages low, basically more selling out of the country so Hillary can line her pockets with more dirty money, higher premiums for Obamacare (not 22% increase, more like 75% or more), but they’ll all be happy because they got their first female President!


  4. This is the Electronically Stored Information that is both necessary yo do business, and incriminating to every bureaucrat involved. I’ve been seekig this information from PHH since 2012, and we are now before SCOTUS. The banks will do everything possible to protect their privacy, but THEY WILL LOSE. This is the avenue to take apert the mortgage backed security scam, and put people in jail.

  5. Tom says:

    Put on your hip-waders if you believe that BS.
    They never responded to or investigated anything I ever reported in the past on foreclosure fraud.

    Maybe it’s just a way for them to collect some more of those fake fines to get more kickback money to keep looking the other way?

    They keep making it look like they are taking actions to get rid of the corruption, but nothing is ever done to stop it.
    It’s just more BS to allow the scams to continue!!!

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