New CFPB director Bessent orders agency to stop working by James Kleimann for HousingWire

HousingWireHousingWire In his first official action as acting director of the Consumer Financial Protection Bureau (CFPB), Scott Bessent ordered staffers to stop bureau activities, including the issuance of final rules, settlement enforcement actions, or participation in legal cases. Agency staffers have also been instructed to suspend the effective date of…

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PA judge decides reverse mortgage gets first-priority in foreclosure dispute by Chris Clow for HousingWire

HousingWireHousingWire A reverse mortgage loan has “first-priority” status in a Pennsylvania foreclosure dispute, after initially being rejected by the trial court according to court documents reviewed by HousingWire’s Reverse Mortgage Daily (RMD), and an analysis by attorneys at law firm Wilentz, Goldman & Spitzer, P.A. In 2005, the client purchased…

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