RESPA

CFPB settles RESPA enforcement action involving affiliated business arrangements

by Richard J. Andreano, Jr. | 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

CFPB Takes Action Against Real Estate Kickbacks Under RESPA

by Stephen M. Quinlivan | Leonard, Street and Deinard - Employee... on 5/21/2013

The CFPB has ordered a Texas homebuilder, Paul Taylor, to surrender more than $100,000 he received in kickbacks for referring mortgage origination business to Benchmark Bank and to Willow Bend Mortgage Company....more

CFPB Targets Service Provider in Real Estate Kickback Enforcement Action

by Jonathan L. Pompan | Venable LLP on 5/21/2013

The CFPB continues to use its enforcement power on service providers, including companies involved in advertising and marketing and lead generation The Consumer Financial Protection Bureau (the "CFPB") announced it...more

Infobytes - A Weekly In-depth review of news & developments in the financial services industry - May 17, 2013

by BuckleySandler LLP on 5/20/2013

In This Issue: - FEDERAL ISSUES - STATE ISSUES - COURTS - FIRM NEWS - FIRM PUBLICATIONS - MORTGAGES - BANKING - CONSUMER FINANCE - SECURITIES - PRIVACY/DATA SECURITY - Excerpt from...more

The CFPB Loan Originator Compensation Rule

by Andrew Campbell | Ober|Kaler on 5/10/2013

Andrew Campbell of Ober|Kaler's Financial Institutions Group presented "The CFPB Loan Originator Compensation Rule," on the webinar entitled: MLO Compensation Rules: New Standards Change the Way You Do Business. The program...more

CFPB Issues Guidance on Mortgage Servicing Transfers (CFPB Bulletin 2013-1)

by Colleen McDonald | Reed Smith on 4/17/2013

With the new mortgage servicing rules under the Real Estate Settlement Procedures Act (Regulation X) ("RESPA") scheduled to go into effect January 10, 2014, the Consumer Financial Protection Bureau’s ("CFPB") decision to...more

CFPB Settles Allegations of Improper Payments by Mortgage Insurers

by Michael W. Jahnke, Michael Mallow, Michael Thurman | Loeb & Loeb LLP on 4/16/2013

The Consumer Financial Protection Bureau (CFPB) announced that it had settled enforcement actions against four insurance companies in connection with alleged improper payments between the insurance companies and mortgage...more

CFPB Investigates Captive Mortgage Reinsurance

by Leonard A. Bernstein, Daniel Booker, John Ellison, Timothy Law, James Rockney | Reed Smith on 4/16/2013

The Consumer Financial Protection Bureau has entered into consent orders with four mortgage insurance companies involving captive reinsurance of mortgage insurance issued to mortgage lenders. Those consent orders impose fines...more

CFPB Announces First RESPA Enforcement Actions

by BuckleySandler LLP on 4/16/2013

On April 4, the CFPB announced enforcement actions against four mortgage insurers against which it filed complaints alleging that their captive reinsurance arrangements with mortgage lenders violated Section 8 of the Real...more

CFPB Issues New Mortgage Servicing Requirements

by Joseph D. Simon | Cullen and Dykman LLP on 2/20/2013

The Consumer Financial Protection Bureau (“CFPB”) has issued two final rules that impose significant new mortgage servicing requirements in connection with residential mortgages to consumers. The rules implement amendments...more

InfoBytes Special Alert: Detailed Analysis Of CFPB's Final Escrow Rule

by Jeremiah Buckley, Joseph Kolar, John Kromer, Jeffrey Naimon, Joseph Reilly, Clinton Rockwell | BuckleySandler LLP on 2/15/2013

On January 10, 2013, the Consumer Financial Protection Bureau issued its final rule on escrow account requirements for first-lien higher-priced mortgage loans. The rule amends existing escrow requirements and exemptions for...more

A New World for Mortgage Banking – What You Need to Know About the CFPB’s Final Mortgage Servicing Rules

by Pepper Hamilton LLP on 2/13/2013

The Consumer Financial Protection Bureau (CFPB) issued its final rules regarding mortgage servicing last week which will undoubtedly change mortgage servicing operations in the United States - and according to some...more

A New World for Mortgage Banking – What You Need to Know About the CFPB’s Final Mortgage Servicing Rules [Video]

by Pepper Hamilton LLP on 2/13/2013

The Consumer Financial Protection Bureau (CFPB) issued its final rules regarding mortgage servicing last week which will undoubtedly change mortgage servicing operations in the United States - and according to some...more

More, More, More: The CFPB Wants More From Mortgage Servicers

by Paul Fogleman | Poyner Spruill LLP on 2/11/2013

The Consumer Financial Protection Bureau (CFPB) recently issued new rules amending Regulation Z, the Truth in Lending Act (TILA), and Regulation X, the Real Estate Settlement Procedures Act (RESPA), which revise mortgage...more

And After All That Work!: The Dreaded U.S. Supreme Court “DIG”

by Mary-Christine ("M.C.") Sungaila | Snell & Wilmer L.L.P. on 2/8/2013

Originally published in The Washington Legal Foundation’s The Legal Pulse, on January 31, 2013. In the last days of the 2011 Term, fresh off its decisions in the Patient Protection and Affordable Care Act cases, the...more

CFPB Issues Final Mortgage Servicing Rules

by Daniel Murray, Ryan Tooley, Audrey Wisotsky | Pepper Hamilton LLP on 2/7/2013

On January 17, 2013, the Consumer Financial Protection Bureau (CFPB) issued two final servicing rules that amend and add new provisions to the Truth in Lending Act and the Real Estate Settlement Procedures Act (Rules), as...more

"Qualified Written Request" Under RESPA – No "Magic" Words, But the Right Questions Must be Asked

by Patrick Wong | Foley & Lardner LLP on 2/5/2013

For the first time, the federal Court of Appeals for the Ninth Circuit recently opined on what constitutes a “qualified written request” under the Real Estate Settlement Procedures Act (RESPA), 12 U.S.C. Section 2605(e), in...more

U.S. Consumer Financial Protection Bureau Issues Rules on Mortgage Servicing; Creates New Rights for Borrowers, Raising Issues...

by Dechert LLP on 1/25/2013

On January 17, 2013, the Consumer Financial Protection Bureau (“Bureau”) took another major step in the restructuring of the U.S. residential mortgage sector by issuing final rules (collectively, the “Rule”) regarding...more

Dodd-Frank News: January 2013: Dodd-Frank Wall Street Reform And Consumer Protection Act Monthly Update

by Rachel Cash, David Elliott, Kristin Peters, Jordan Teague | Burr & Forman on 1/25/2013

In This Issue: - RECENT CASES . Dodd-Frank Challenges Under the Administrative Procedure Act and Commodity Exchange Act . Preemption . Whistleblower Protection Under the Dodd-Frank Act . Arbitration...more

Consumer Financial Protection Bureau Issues New Mortgage Servicing Rules

by Joey Tsu-Yi Chen, Donald Rea | Saul Ewing LLP on 1/24/2013

The CFPB issued two mortgage servicing rules aimed at homeowners facing foreclosure and providing borrowers with tools and information for dealing with mortgage servicers....more

CFPB Issues Final Rules Amending Regulation X and Regulation Z

by Jennifer N. Toussaint | Foley & Lardner LLP on 1/18/2013

Today, the CFPB issued final rules amending Regulation X (Real Estate Settlement Procedures Act (“RESPA”)) and Regulation Z (Truth in Lending Act (“TILA”)). The amendments focus on mortgage servicing requirements and servicer...more

McCarn v. HSBC USA, Inc.: A Federal Court Dismisses a Plaintiff's Attempt to Apply Antitrust-Conspiracy Principles to a Consumer...

by Sara Aliabadi, Christopher A. Reese | Schnader Harrison Segal & Lewis LLP on 12/29/2012

On November 13, 2012, the U.S. District Court for the Eastern District of California, in McCarn v. HSBC USA, Inc., 2012 U.S. Dist. LEXIS 162257, issued an important decision rejecting as inadequate a plaintiff’s attempt to...more

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CFPB settles RESPA enforcement action involving affiliated business arrangements

CFPB Takes Action Against Real Estate Kickbacks Under RESPA

CFPB Targets Service Provider in Real Estate Kickback Enforcement Action

Infobytes - A Weekly In-depth review of news & developments in the financial services industry - May 17, 2013

The CFPB Loan Originator Compensation Rule

CFPB Issues Guidance on Mortgage Servicing Transfers (CFPB Bulletin 2013-1)

CFPB Settles Allegations of Improper Payments by Mortgage Insurers

CFPB Investigates Captive Mortgage Reinsurance

CFPB Announces First RESPA Enforcement Actions

CFPB Issues New Mortgage Servicing Requirements

InfoBytes Special Alert: Detailed Analysis Of CFPB's Final Escrow Rule

A New World for Mortgage Banking – What You Need to Know About the CFPB’s Final Mortgage Servicing Rules

A New World for Mortgage Banking – What You Need to Know About the CFPB’s Final Mortgage Servicing Rules [Video]

More, More, More: The CFPB Wants More From Mortgage Servicers

And After All That Work!: The Dreaded U.S. Supreme Court “DIG”

CFPB Issues Final Mortgage Servicing Rules

"Qualified Written Request" Under RESPA – No "Magic" Words, But the Right Questions Must be Asked

U.S. Consumer Financial Protection Bureau Issues Rules on Mortgage Servicing; Creates New Rights for Borrowers, Raising Issues...

Dodd-Frank News: January 2013: Dodd-Frank Wall Street Reform And Consumer Protection Act Monthly Update

Consumer Financial Protection Bureau Issues New Mortgage Servicing Rules

CFPB Issues Final Rules Amending Regulation X and Regulation Z

McCarn v. HSBC USA, Inc.: A Federal Court Dismisses a Plaintiff's Attempt to Apply Antitrust-Conspiracy Principles to a Consumer...

Ninth Circuit Holds Mortgage Servicers Have No RESPA Duty To Respond To Request For Loan Terms

Infobytes - A Weekly In-depth review of news & developments in the financial services industry - December 14, 2012

California Cautions Lenders Regarding Vendor Vetting And Management

A New World for Mortgage Banking – What You Need to Know About the CFPB’s Final Mortgage Servicing Rules [Video]

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