Jonathan Foxx – Lenders Compliance Group

CFPB versus PHH: Impact on Marketing Services Agreements

On November 5th, the Consumer Financial Protection Bureau (“Bureau”) stated in a brief filed with the D.C. Circuit that its $109 million disgorgement order against PHH Corp. in a mortgage reinsurance kickback case met all…more

The CFPB's HMDA Strategy

Last week on October 15th, the Consumer Financial Protection Bureau (“Bureau”) issued the Final Rule (“Rule”) of the Home Mortgage Disclosure Act (“HMDA”). The Rule is hundreds of pages long, providing numerous important changes…more

CFPB Enforcement Actions: Trends and Lessons

Sometimes, it is a good idea to use a chart to describe a relatively complex subject. One such chart that I keep involves noting the CFPB's administrative actions as they relate to the so-called mortgage industry. The exercise…more

Closing Disclosure: Deep Dive – Pages Four and Five

This is the sixth and final article of a six-part series devoted to TILA-RESPA Integration Disclosure. In this sixth part, I will discuss Page Four and Page Five. Through a review of important highlights, I invite you to join me…more

Tolerance for Owner’s Title Insurance

Given the stringent disclosure demands of Regulation Z, the implementing regulation of the Truth in Lending Act, sometimes there is confusion around the tolerances for owner’s title insurance. The confusion stems from a…more

“A” is for Abusive

Financial institutions and other market participants have struggled to understand how the Consumer Financial Protection Bureau defines "abusive" conduct, but a series of enforcement actions has shown that the bureau intends to…more

A Hermeneutical Approach to State Advertising

We are often asked about what is or is not permitted in nonbank advertisements. Many people are aware of the federal guidelines set forth in Regulation Z, the implementation regulation of the Truth in Lending Act. However,…more

Closing Disclosure: Deep Dive – Page Three

This is the fifth article of a six-part series devoted to TILA-RESPA Integration Disclosure. Although the series, structured as White Papers, was initially established with four parts, I have added a fifth Part and a sixth part…more

The New Settlement Cost Booklet

Every once in a while we are asked about “the home buying information booklet,” as the Bureau has charmingly euphemized it, though it is known throughout the residential mortgage banking industry as the Special Information…more

Age, with his stealing steps, hath clawed me in his clutch!

Consider a scenario in which an elderly individual, let’s say a well-known writer who published only one novel, a famous novel, had always relied on her sister, a lawyer, to take care of her legal needs. Only one novel!…more

Closing Disclosure: Deep Dive – Pages One and Two

This is the fourth article of a six-part series devoted to TILA/RESPA Integration Disclosure. Although the series, structured as White Papers, was initially established with four parts, I have added a fifth and sixth part to…more

Attorney Immunity – Unshielded for Fraud

A contestant in the Longest Prison Term Sweepstakes is Robert Allen Stanford. If you recall, Stanford was a bon vivant, self-made billionaire – “self-made,” that is, through making his money by having his foreign bank sell…more

Flipped Out!

Over the years, I have seen many variations of mortgage fraud. As soon as one scheme is thwarted, another seems to take its place. One particular flipping scheme[i] being currently adjudicated, involving sixty properties (sic),…more

What is a Compliance Management System?

Nary a week goes by that I do not talk to somebody about the concept of a Compliance Management System, or "CMS" for short. Now made famous by the CFPB's examination protocol, the CMS has become the sine qua non for federal and…more

PHH appeals its Kickback Penalty

PHH Corp., the company made famous recently for its alleged mortgage insurance kickback scheme, is taking on the Behemoth Bureau with an attempt to overturn its $109 million penalty. The theory? That the Bureau’s ruling was an…more
Showing 1-15 of 199 Results
View per page
Page: of 14

167 W Hudson Street - Ste 200
Long Beach, New York 11561, United States

  • 516-442-3456
  • 516-706-7070

Areas of Practice
  • Financial Services
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.

"My best business intelligence, in one easy email…"

Your first step to building a free, personalized, morning email brief covering pertinent authors and topics on JD Supra:

Sign up to create your digest using LinkedIn*

*By using the service, you signify your acceptance of JD Supra's Privacy Policy.
*With LinkedIn, you don't need to create a separate login to manage your free JD Supra account, and we can make suggestions based on your needs and interests. We will not post anything on LinkedIn in your name. Or, sign up using your email address.