Statute
RESPA
88 published works
Consumer Financial Services Law Monitor
Maryland Federal Court Denies Mortgage Servicer’s Motion to Dismiss Borrowers’ RESPA Claim
By Alec Hayes, Mary C. Zinsner, Elizabeth Briones
The United States District Court for the District of Maryland recently denied a mortgage servicer's motion to dismiss a putative class action claim pursuant to the Real Estate Settlement Procedures…
Consumer Finance Monitor
CFPB Highlights Applicable HUD-Issued RESPA Guidance
By Loran Kilson, Richard J. Andreano, Jr.
The CFPB published guidance to remind the mortgage industry of numerous U.S. Department of Housing and Urban Development (HUD) policy statements that were issued before the CFPB assumed authority for…
Consumer Financial Services Review
The FDIC’s Observations on Lead Generation and RESPA Compliance
By Holly Spencer Bunting, Eric J. Edwardson
Lead generation and the Real Estate Settlement Procedures Act (“RESPA”) compliance remain hot topics following the Consumer Financial Protection Bureau’s (“CFPB”) February 2023 advisory opinion regarding digital comparison shopping platforms. …
Consumer Finance and Fintech Blog
CFPB’s RESPA Advisory Addresses Digital Mortgage Comparison-Shopping Platforms, Lead Generation
By Moorari Shah, A.J. Dhaliwal
On February 7, the CFPB issued an Advisory Opinion to address the applicability of RESPA section 8 to operators of certain digital technology platforms that enable consumers to comparison shop…
Consumer Financial Services Review
RESPA Hot Topics: Marketing Alliances in a Competitive Mortgage Market
By Holly Spencer Bunting, Kerri Webb
High rates and a steep reduction in mortgage refinance applications have created stiff competition for the origination of purchase-money mortgages. Settlement service providers often seek creative strategic alliances to help…
Consumer FinSights
CFPB Rescinds RESPA Bulletin on Marketing and Services Agreements and Publishes Important FAQs
Announcements Mark Out a Clearer Path, but MSAs and Gifts Still Require Careful Review Last week, the Consumer Financial Protection Bureau (“CFPB” or “Bureau”) announced significant changes to how it…
Consumer Financial Services Review
CFPB Replaces Cordray-Era MSA Guidance with New RESPA Section 8 FAQs
By Holly Spencer Bunting, Phillip L. Schulman, James K. Williams
The Real Estate Settlement Procedures Act is ambiguous, and compliance often turns on the facts of arrangements. For that reason, settlement service providers have been asking the Consumer Financial Protection…
Consumer Finance Monitor
CFPB Issues RESPA Section 8 FAQs and Rescinds 2015 Marketing Services Agreement Bulletin
The CFPB recently issued Frequently Asked Questions (FAQs) addressing the referral fee and fee splitting prohibitions under Section 8 of the Real Estate Settlement Procedures Act (RESPA). The CFPB also…
Consumer Finance Litigation Bulletin
The CARES ACT: Forbearance to Deferment, RESPA Compliance, and Credit Reporting
By 7996
Saul Ewing Arnstein & Lehr’s Consumer Finance attorneys Trip Riley, Ryan DiClemente and Colleen Fox delivered a presentation about the CARES Act to the Women in Housing and Finance Professional…
Legal Profession Blog
Closing Time
The New Jersey Supreme Court censured an attorney for misconduct found by its Disciplinary Review BoardRespondent and the [Office of Attorney Ethics] entered into a disciplinary stipulation, dated April 24,…