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Mortgages › Dodd-Frank Wall Street Reform and Consumer Protection Act › Bonuses

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 +
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 uses that property as collateral for the loan. less -
Stinson - Corporate & Securities Law Blog

CFPB Commences Action For Violation Of Loan Originator Compensation Rules

Stinson - Corporate & Securities Law Blog on

The CFPB filed a complaint in federal district court against a Utah-based mortgage company, Castle & Cooke Mortgage LLC, and two of its officers for illegally giving bonuses to loan officers who steered consumers into...more

Ballard Spahr LLP

CFPB files lawsuit challenging loan officer bonuses

Ballard Spahr LLP on

It appears the CFPB wants to send a warning through the lawsuit it filed yesterday in a Utah federal court against a mortgage company and two of its officers for allegedly paying illegal bonuses to loan officers that were...more

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