The CFPB gains some ground on the PHH Case getting permission to move their fight along the legal highway.
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I hear what you guys are saying and I really enjoy the videos. For this particular one if this type of loan product is causing the borrower(majority minority) to invest money(I am sure they pay down-payments) and then still eventually loose the property; how are they a benefit to these under-served communities again? These type of loan products don’t seem like a solution to increasing the homeownership rates{AA-41%; Hisp. -47%} and homeownership sustainability in minority communities. IJS