In McFarland v. Wells Fargo Bank, N.A., 14-2126 (4th Cir. Jan. 15, 2016), the Fourth Circuit Court of Appeals examined the argument that a loan was substantively unconscionable because it vastly exceeded the worth of the...more
It’s finally here. Over the weekend, the Consumer Financial Protection Bureau’s (CFPB) long awaited and oft delayed integration of the disclosures required by the Federal Truth in Lending Act (TILA) and Real Estate...more
10/6/2015
/ Banking Sector ,
Closing Documents ,
Compliance ,
Consumer Financial Products ,
Consumer Financial Protection Bureau (CFPB) ,
Consumer Lenders ,
Disclosure Requirements ,
Financial Institutions ,
HUD ,
Loans ,
Mortgage Lenders ,
Mortgages ,
Residential Real Estate Market ,
RESPA ,
TILA-RESPA Integrated Disclosure Rule (TRID) ,
Truth in Lending Act (TILA)
In Russell v. Nationstar Mortgage, LLC, No. 14-61977-CIV, 2015 WL 5029346, at *5 (S.D. Fla. Aug. 26, 2015), United States District Court Judge Beth Bloom issued litigious borrowers their latest setback in a large scale...more
9/29/2015
/ Attorney's Fees ,
Banking Sector ,
Borrowers ,
Default ,
FCCPA ,
Financial Institutions ,
Inspections ,
Loans ,
Mortgage Lenders ,
Mortgage Servicers ,
Mortgages ,
Motion to Dismiss ,
Regulation X ,
Request For Information ,
RESPA
The long heralded TILA/RESPA Integrated Disclosures (TRID) are coming, and they are already causing some headaches in the real estate market. Congress provided for the new disclosures in the 2010 Dodd-Frank Wall Street Reform...more
9/2/2015
/ Closing Documents ,
Consumer Financial Protection Bureau (CFPB) ,
Consumer Lenders ,
Disclosure Requirements ,
Dodd-Frank ,
Financial Institutions ,
Good Faith ,
HUD ,
Loans ,
Mortgage Lenders ,
Mortgage Servicers ,
Mortgages ,
National Association of Realtors ,
Residential Real Estate Market ,
TILA-RESPA Integrated Disclosure Rule (TRID)
On August 4, 2015 the Consumer Financial Protection Bureau (CFPB) issued a compliance bulletin on the private mortgage insurance (PMI) cancellation and termination provisions contained in the Homeowners Protection Act (HPA)....more
8/17/2015
/ Class Action ,
Compliance ,
Consumer Financial Protection Bureau (CFPB) ,
Financial Institutions ,
Homeowners Protection Act ,
Insurance Industry ,
Loans ,
Mortgage Insurance ,
Mortgage Servicers ,
Mortgages ,
Residential Property Owners ,
Residential Real Estate Market ,
Termination Clauses
The opinion of Florida’s Third District Court of Appeal in Deutsche Bank Trust Co. Americas v. Beauvais, No. 3D14-575, 2014 WL 7156961 (Fla. 3d DCA Dec. 17, 2014) has been a lightning rod for criticism from federal courts in...more
8/5/2015
/ Bank of America ,
Borrowers ,
Citibank ,
Deutsche Bank ,
Dismissal With Prejudice ,
Financial Institutions ,
FL Supreme Court ,
Florida ,
Foreclosure ,
HSBC ,
Lenders ,
Loans ,
Mortgage Lenders ,
Mortgages ,
Residential Property Owners ,
Statute of Limitations ,
US Bank