Bank of America became the second national lender to announce its plans for the new Closing Disclosure forms in 2015. Read on for the details.
Two employees of Zillow Inc., have filed workplace discrimination lawsuits in California federal court, alleging the online home and real estate marketplace retaliated against them when they brought potential RESPA violations to the attention of their superiors. The lawsuits describe an alleged marketing service agreement between Zillow and lenders. Will the plaintiffs file RESPA lawsuits next?
As the real estate and settlement service industries wait to hear whether the CFPB will take action against the real estate brokers involved in Lighthouse Title Inc.’s marketing service agreement, the National Association of Realtors is advising its members on what steps they should take to make sure their MSAs are compliant and in line with the CFPB’s thinking in the consent order.
Do you work with a lead-generation company that solicits mortgage information from consumers and sells or passes that information on to a lender? You could run afoul not only of the CFPB, but many consumer lending laws as well, according to a recent October Research, LLC webinar.
As the settlement service industry continues to absorb the impact of the CFPB’s consent order with Lighthouse Title Inc., parties engaged in marketing service agreements should lock their agreements down, according to discussions during a recent October Research, LLC webinar. Read on for practical tips and analysis, and to find out how you still can take advantage of this instructional webinar.
Must a federal agency engage in a notice-and-comment procedure before it can significantly alter an interpretation of a rule of agency regulation? This is the question presented to the U.S. Supreme Court in a case that could significantly impact the way government agencies issue, regulate and enforce regulations through the use of “interpretive” rules — including the CFPB’s approach to interpreting RESPA. In part 2 of this story we explore the potential fallout from the eventual decision.
Proposed mortgage servicing rule changes announced in November were published in the Federal Register on Dec. 15, opening the 90-day comment period for the new rules.
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