Legal updates for: RESPA

by Venable LLP on 6/17/2013

... this presentation: - Tax-Exemption Challenges - Bankruptcy Counseling Challenges - Consumer Protection Statutes - Excerpt from Presentation: How did we get here? - Federal and state laws governing consumer credit counseling agencies continue to evolve and create potential obstacles and new compliance... more

by Morrison & Foerster LLP on 6/10/2013

... This Issue: Arbitration Report; Bureau Report; Privacy Report; Mortgage Report; Operations Report; Preemption Report; and Beltway Report. Excerpt from Arbitration Report: Ninth Circuit Punts - In Kilgore v. Keybank, N.A., the Ninth Circuit was poised to decide whether the Supreme Court’s Concepcion decision... more

by Patton Boggs LLP on 6/7/2013

...er, and other defendants in a class-action suit alleging violations of the Real Estate Settlement Procedures Act (“RESPA”).  Plaintiffs allege that the mortgage lender created its own captive reinsurance company and then refer... more

by Barry Fagan on 6/5/2013

... decision is important because of the reasoning, the logic and most importantly the application of New York law. Virtually all the REMIC trusts were common law trusts formed under New York law for a lot of reasons. So this decision is extremely important as persuasive authority in its finding that if the REMIC is closed, there is nothing to make... more

by Patton Boggs LLP on 6/4/2013

...lings, a California federal court has granted plaintiffs’ motion for production of reinsurance documents in a putative RESPA class action and struck eight of the reinsurer’s affirmative defenses. Plaintiffs allege that a mortgage lender receiv... more

by BuckleySandler LLP on 5/28/2013

...On May 17, the CFPB announced an enforcement action against a homebuilder the CFPB alleges violated Section 8(a) of RESPA through joint venture arrangements.... more

by K&L Gates LLP on 5/24/2013

... Consumer Financial Protection Bureau (“CFPB”) issued a true game changer on January 10, 2013, with its Ability to Repay and Qualified Mortgage Rule (the “Final Rule” or the “Rule”). Some industry observers seem to consider Chicken Little an optimist—not only is the sky falling, but the earth is trembling... more