Considering the potential liability associated with outsourcing by the mortgage banking and mortgage servicing industries, as witnessed by widely publicized high-dollar settlements in government enforcement actions, recent…more
One of the most controversial, far-reaching, and profound mortgage-related provisions of the Dodd-Frank Act is the "skin in the game" requirements of sections 941. Under these provisions, securitizers of asset-backed securities…more
This article provides a description of California Attorney General's Mortgage Fraud Strike Force and analyzes the impact that this task force will have in California's mortgage industry…more
The Department of Justice announced May 5 that it had reached a settlement with Citizens Republic Bancorp Inc. and Citizens Bank of Flint, Mich., in a lawsuit alleging a pattern of practice of lending discrimination, or…more
"More than three decades have passed since the enactment of the Real Estate Settlement Procedures Act, 12 USC ยงยง 2601-2617, a law intended to reduce homebuyer confusion about settlement costs and prevent abusive settlement…more
The year 2010 was one of the most significant in the history of the Real Estate Settlement Procedures Act, and its implementing Regulation X to rewrite the core residential mortgage loan origination disclosure requirements of…more
With the ever-rising tide of residential foreclosures, banks are turning to field service companies to protect their real estate assets pending sale. Field service companies include all manner of vendors, ranging from inspectors…more
"Over the past year, the U.S. Department of Housing and Urban Development ("HUD") and state insurance regulators have continued to pursue enforcement activities under the Real Estate Settlement Procedures Act ("RESPA") against…more
This profile may constitute attorney advertising. Prior results do not guarantee a similar outcome. Any correspondence with this profile holder does not constitute a client/attorney relationship. Neither the content on this profile nor transmissions between you and the profile holder through this profile are intended to provide legal or other advice or to create an attorney-client relationship.