CFPB Releases summary of consumer mortgage complaints 2018-2020

The Consumer Financial Protection Bureau released a highly detailed report of consumer complaints received by the oversight agency regarding the lifecycle of various financial transactions, including mortgage loans. The report breaks down complaints by category, geography, and racial and other demographics and describes interesting variances between the nature of complaints among races, ethnicity, and various […]

Long Island Man Uses Fake Wire Instructions to Steal $4.7 Million from Lenders

A Long Island man, Brent Kaufman, pleaded guilty this week to stealing $4.7 million in mortgage refinancing proceeds that were meant to pay off the existing mortgages of his clients. Kaufman was an unlicensed mortgage broker and assisted clients in Queens and Long Island with refinancing their mortgages. Instead of using the lender proceeds, which […]