Joseph Spruill, III

Joseph Spruill, III


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Latest Publications


Recent HUD Enforcement Actions Highlight Risks of Loan Discrimination Against Those on Maternity/Paternity Leave

The U. S. Department of Housing and Urban Development (“HUD”) recently entered into settlement agreements with two lenders that allegedly discriminated against mortgage loan applicants based on their maternity leave status....more

8/28/2014 - Discrimination Fair Housing Act HUD Lenders Mortgages Non-Judicial Settlement Agreements Pregnancy Discrimination

Mortgage Lending Legal and Regulatory Highlights

In its spring edition of Supervisory Highlights, the CFPB cautions financial institutions of the increased risk of a fair lending violation for failing to maintain adequate policies and procedures to document exceptions to...more

7/1/2014 - Ability-to-Repay Banks CFPB ECOA Fair Lending Fees Lenders Mortgages Real Estate Market RESPA Secured Lenders Title Companies

CFPB Continues To Aggressively Pursue RESPA Violations

On January 15, 2014, the Consumer Financial Protection Bureau ("CFPB") ordered a small mortgage lender in Missouri and its president to pay $81,076 for violating the anti-kickback provisions of the Real Estate Settlement...more

2/17/2014 - CFPB Mortgage Loan Originators Mortgages RESPA

Recent Fourth Circuit Case Addresses Unlimited Spousal Guarantees Under The Equal Credit Opportunity Act

Bankers know to exercise caution when requiring a spouse to co-sign or guarantee a loan to the other spouse’s business. The Equal Credit Opportunity Act (“ECOA”) generally prohibits lenders from requiring a spouse’s signature...more

1/30/2014 - Banks ECOA Loans Spousal Guaranty

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