Statute
RESPA
88 published works
Consumer Finance Monitor
Closing disclosures coming in “Know Before You Owe”
In an earlier post about the CFPB's "Know Before You Owe" project, I commented that it was unclear how the CFPB intended to approach required RESPA/TILA disclosures other than the…
Consumer Finance Monitor
Simplified mortgage disclosures to come with new rules
The CFPB is close to wrapping up its "Know Before You Owe" project to design a simplified mortgage loan disclosure combining the disclosures required by TILA and RESPA. In addition…
The Legal Assistant Articles
Understanding the HUD-1 Settlement Statement
What is the HUD-1 Settlement Statement? HUD is an acronym for Housing and Urban Development, and represents the arm of the U.S. government department responsible for legislation relating to home…
Civil Procedure & Federal Courts Blog
SCOTUS Cert Grant of Interest on Article III Standing
By Civil Procedure & Federal Courts Blog
This past week was a busy one at the Supreme Court, but we wanted to note that Monday’s orders included a grant of certiorari in First American Financial Corp. v.…
Financial Services Litigation Monitor
VA Federal Court: HOLA Preempts Tort Claims Alleging Savings Bank Posed as Lender to Collect Fees
By Fred Rivera
April 4, 2011 - The U.S. District Court for the Eastern District of Virginia held that the Home Owner's Loan Act (HOLA) preempts state tort law claims alleging that Flagstar Bank…
Financial Institutions Law Blog
3rd Circuit Decision Holds That Captive Reinsurance Arrangements Violate Section 8(a) of RESPA
In Alston v. Countrywide Financial Corporation, 585 F.3d. 753 (3rd Cir. 2009), the United States Court of Appeals for the 3rd Circuit held that homebuyers may pursue a class action…
The Contingency
Fifth Circuit Kicks RESPA Class, Allows State Law Class in Title Insurance Case
Texas law gives a price break on title insurance to people who refinance their home equity loans in less than seven years. Many don't know about their right to a discount. Title insurers…
Financial Institutions Law Blog
RESPA’S Required Use Rule Delayed
The U.S. Department of Housing and Urban Development (HUD) today announced that it will once again delay the implementation date of the proposed changes in RESPA's new required use definition…