- The Consumer Financial Protection Bureau’s Monthly Complaint Snapshot focuses on consumer complaints related to mortgages. The CFPB found that consumers have particular difficulty with mortgage servicing – especially when applying for loan modifications to avoid foreclosure. The report also takes a close look at compliants coming out of the Denver, CO area.
- The U.S. Treasury has announced $327 million in CDFI Bond Fund Gaurantees, which were awarded to CDFI’s to issue bonds, the funds of which are intended to be used to finance projects in low income communities. Among the initiatives guaranteed include senior and long term care development in latino communities and residential and commercial development in Native American communities.
