Real Estate

Feds File Suit Against Nationwide Biweekly For Luring Consumers With False Promises Of Mortgage Savings

Consumers Paid $49 Million in Fees for Deceptive Mortgage Payment Program Today the Consumer Financial Protection Bureau (CFPB) filed a lawsuit in federal district court against Nationwide Biweekly Administration, Inc., Loan Payment Administration LLC, and the companies’ owner, Daniel Lipsky, alleging that Nationwide misrepresents the interest savings consumers will achieve through a biweekly mortgage...

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What to Know About Working with a Real Estate Agent

May 6, 2015
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As the weather turns milder, homeowners looking to make a change and renters who are ready for home-ownership are keeping area real estate offices humming with activity. The Department of Consumer Protection has some suggestions for potential buyers and sellers as they enter the real estate market, and will offer a free workshop with...

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Feds Take Action Against Mortgage Lender For Deceptive Practices

Today the Consumer Financial Protection Bureau (CFPB) took action against RMK Financial Corporation for deceptive mortgage advertising practices, including ads that led consumers to believe that the company was affiliated with the U.S. government. The CFPB is ordering RMK to end its illegal and deceptive practices and pay a civil penalty of $250,000. “Deceptive...

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Consumers Encouraged to Prepare for Possibilities of Water Damage to Homes

March 10, 2015
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Governor Dannel P. Malloy today said that with winter weather appearing to finally loosen its grip on Connecticut and warmer temperatures steadily approaching, homeowners should caution themselves and keep an eye on indoor leaking as the deep snow pack on roofs and surrounding building foundations begins to melt. The state’s consumer protection and insurance...

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