News & Analysis as of September 22, 2024

Mortgages › Affiliated-Business Arrangements

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The term "mortgage" typically refers to a mortgage loan. A mortgage loan is a financing instrument where an individual or business borrows money to purchase property (usually real property) and... more +

New York Issues Final Mortgage Servicing Regulations

Ballard Spahr LLP on 1/27/2020

On December 18, 2019, the New York Department of Financial Services (DFS) issued its Final Regulations detailing the business conduct rules for mortgage loan servicers. ...more

Strike Two for CFPB in Borders Case

Ballard Spahr LLP on 4/6/2018

A federal district court in Kentucky recently handed the CFPB its second defeat in the agency’s lawsuit against Borders & Borders PLC and the law firm’s principals by denying the CFPB’s motion for reconsideration. ...more

CFPB Loses Another RESPA Case

Ballard Spahr LLP on 7/21/2017

A federal district court recently ruled against the CFPB in a long-standing case under the Real Estate Settlement Procedures Act (RESPA) involving a Louisville, Kentucky law firm Borders & Borders, PLC (Borders). In the...more

CFPB settles RESPA enforcement action involving affiliated business arrangements

Ballard Spahr LLP on 5/21/2013

The CFPB has announced the settlement of an enforcement action in which it was alleged that two affiliated business arrangements (ABAs) violated Section 8 of the Real Estate Settlement Procedures Act....more

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Mortgages › Affiliated-Business Arrangements

New York Issues Final Mortgage Servicing Regulations

Strike Two for CFPB in Borders Case

CFPB Loses Another RESPA Case

CFPB settles RESPA enforcement action involving affiliated business arrangements

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