News & Analysis as of

Mortgage Loan Aggregators

Leading on Leads? CFPB Takes Action Against Online Lead Aggregators

by Morrison & Foerster LLP on

On September 6, 2017, the Consumer Financial Protection Bureau (CFPB or “the Bureau”) announced that it has taken action against an online lead aggregator. The allegations revolved around the company’s selling personal...more

CFPB Acts Against Lead Aggregator for Unfair and Abusive Practices

by Carlton Fields on

The Consumer Financial Protection Bureau (CFPB) recently filed actions against online lead aggregator D and D Marketing, Inc. d/b/a T3Leads and its co-founders alleging unfair and abusive practices in violation of the...more

Mid-2015 Mortgage Crisis Update – The Repurchase Demands Continue

by Bilzin Sumberg on

In the aftermath of the financial crisis, Fannie Mae and Freddie Mac aggressively demanded Wall Street and big bank aggregators (“aggregators”) repurchase millions of defaulted and distressed loans, due to purported breaches...more

TBTF Servicing: Another Issue for Originators to Consider

by Bilzin Sumberg on

As widely reported recently, close to 1.2 million borrowers (about 30% of the more than 3.9 million households that faced foreclosure proceedings by the 11 leading financial institutions in 2009 and 2010), had to battle...more

Gotcha! Originators Beware of Baseless Claims

by Bilzin Sumberg on

Just about every time I think that the demands being asserted on residential mortgage loan originators for mortgage loan “repurchases” or indemnification payments (on account of loans that were originated years ago during the...more

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