Statute
RESPA
88 published works
Consumer Finance Monitor
CFPB updates home buying information booklet
By Richard J. Andreano, Jr., Anne E. Sutherland
The CFPB has issued an updated version of the home buying information booklet (also known as the special information or settlement cost booklet) required under RESPA and TILA. The new booklet is…
Southeast Financial Litigation Monitor
Mortgage Servicer Not Required to Make “Corrections” to Borrower’s Account in Response to a QWR When Servicer Provided Documents and Information Explaining Why it Believed Account to be Correct
By Lane Knight, Geremy W. Gregory
On Tuesday February 10, 2015, the United States District Court for Southern District of Alabama adopted a Magistrate Judge’s Report and Recommendation dismissing a Real Estate Settlement Procedures Act (RESPA)…
Consumer Finance Monitor
CFPB QM cure and other mortgage rule amendments now effective; HUD nixes CFPB cure for FHA QM rule
The CFPB's final rule amending certain provisions of the 2013 Title XIV final mortgage rules which includes a post-consummation points and fees cure mechanism for qualified mortgage loans, became effective…
Consumer Finance Monitor
CFPB issues policy guidance on mini-correspondent structure for mortgage lenders
On July 11, 2014, the CFPB issued supervisory and enforcement guidance entitled “Policy Guidance on Supervisory and Enforcement Considerations Relevant to Mortgage Brokers Transitioning to Mini-Correspondent Lenders." The guidance addresses…
Consumer Finance Monitor
CFPB orders New Jersey title services company to pay for illegal mortgage referrals
On June 12, the CFPB announced that it has issued a Consent Order under which a New Jersey title services company, Stonebridge Title Services Inc., agreed to pay a $30,000…
Southeast Financial Litigation Monitor
CFPB Fines Alabama Real Estate Agency for Failing to Properly Disclose Its Affiliate Relationship with Title Company under RESPA Section 8(c)(4).
A May 28, 2014 consent order against an Alabama company serves as a warning to the residential real estate industry to be careful about properly disclosing its affiliate relationships with…
Texas Bankruptcy Blog
Is a Mortgage Loan Servicer Subject to the FDCPA?
By Bryan Fears
For many homeowners, the monthly home loan payment is sent to a mortgage servicer, not to the lender. A mortgage servicer is a company that acts as a mortgage holder’s…
Consumer Finance Monitor
CFPB settles RESPA referral fee charges against mortgage lender based on rent payments
The CFPB has announced that it has issued a Consent Order to settle charges that a mortgage lender and its principal violated RESPA Section 8 by paying illegal kickbacks to a…
Consumer Finance Monitor
CFPB files second amicus brief in First American RESPA case
Last year, many observers were disappointed when the U.S. Supreme Court dismissed the appeal in First American Financial Corp. v. Edwards, the case that presented the issue of whether a plaintiff…
Consumer Finance Monitor
CFPB revises exam procedures to include summaries of new mortgage rules
Last week, the CFPB published a second update to its examination procedures to account for the new mortgage regulations going into effect in January 2014. The update includes Interim TILA…