CFPB’s Inquiry Into Mortgage ‘Junk Fees’ Earns Mixed Reaction From Lenders

Rising closing costs are adding to homebuyers’ affordability woes, putting their dream of homeownership even further out of reach. In an attempt to combat this, the Consumer Financial Protection Bureau (CFPB) is taking aim at so-called mortgage “junk fees” that are often tacked onto closing costs, launching a formal inquiry into the issue, according to…

The post CFPB’s Inquiry Into Mortgage ‘Junk Fees’ Earns Mixed Reaction From Lenders appeared first on RISMedia.

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