With litigation involving RESPA Section 2605 on the rise, we’re going back to QWR basics as attorney Brian Larkin discusses some of the finer points of one of RESPA’s most obtuse provisions and how it has been impacted by certain provisions of the Dodd-Frank Act. What must a borrower include in a QWR under RESPA? What responsibilities do mortgage servicers have when they receive a QWR? What response deadlines are triggered by a QWR being sent and received? What must a mortgage servicer’s response include? In the first of our two-part series, Larkin begins to answer these questions.
The Consumer Financial Protection Bureau (CFPB) announced that it will be accepting applications for regulatory implementation and guidance specialists, but because it anticipates significant interest in the announcement, the announcement will close very quickly. See here for details.
more This Week in Washington »
more RESPA Tips »