Entries
January 2012 RCDs
By ft Editorial Staff • Jan 1st, 2012 • Category: January 2012 Journal, Recent Case DecisionsA digest of recent court cases affecting real estate.
Posts Tagged ‘RESPA’
Kickbacks: the end of an opulent era
By Jeffery Marino • Aug 12th, 2011 • Category: August 2011 Journal, Feature Articles, Journal ArticlesThis article reports recent case law involving settlement service providers accused of violating RESPA laws that prohibit the unlawful practice of paying kickbacks to real estate brokers for client referrals.
Higher FHA-insured loan costs push homebuyers to prowl the market
By Tara Tran • May 16th, 2011 • Category: real estate newsflashAnnual default premiums (MIPs) on 30-year Federal Housing Administration (FHA)-insured loans for homebuyers with less than 5% down payment rose to 1.1 or 1.15% of the home value from 0.85 or 0.9%, effective April 18, 2011. For a homebuyer paying the minimum 3.5% down payment on a $400,000 home, the FHA’s recent increase in MIPs [...]
The Good Faith Estimate needs further revision
By Kelli Galippo • Mar 31st, 2011 • Category: real estate newsflashThe more accurate Good Faith Estimate (GFE) released in January 2010 under the Real Estate Settlement and Procedures Act (RESPA) is still not accurate enough, according to the Center for Responsible Lending. Under RESPA regulations, the lender’s GFE, mandated to be prepared and handed to the homebuyer at the beginning of a loan transaction, reflects [...]
January 2011 Forms
By Connor P. Wallmark • Jan 4th, 2011 • Category: Form of the Month, January 2011 JournalDouble dipping: a second fee on a sale paid by the lender or loan broker.
December 2010 LWs
By ft Editorial Staff • Nov 22nd, 2010 • Category: December 2010 Journal, Legislative WatchA look at the legislation affecting real estate enacted during the 2009-2010 Legislative Session. For our archive of the Legislative Watch for years past, click here.
How to make money as an endorsed, registered, law-abiding RESPA mortgage loan broker
By Kelli Galippo • Oct 20th, 2010 • Category: Feature Articles, Journal Articles, November 2010 JournalThis article reviews the changes made to mortgage loan broker (MLB) compensation by the Dodd-Frank Wall Street Reform and Borrower Protection Act.
Fed adopts RESPA regulations aimed to protect home buyers [Press Version]
By ft Editorial Staff • Sep 14th, 2010 • Category: Press Page, September 2010 JournalAt last, Congress is due some congratulations. In a significant step in the right direction, the Federal Reserve (the Fed) has been given responsibility for protecting homebuyers from unfair and deceptive lending practices by lenders and loan brokers subject to the Real Estate Settlement Procedures Act (RESPA). The Fed’s new authority assures a more stable [...]
September 2010 RCDs
By ft Editorial Staff • Aug 31st, 2010 • Category: Recent Case Decisions, September 2010 JournalA digest of recent court cases affecting real estate.
Endorsement requirements for RESPA mortgage brokers
By Bradley Markano • Jul 14th, 2010 • Category: Feature Articles, Journal Articles, July 2010 JournalThis article examines the ongoing changes in reporting and endorsement requirements imposed on residential mortgage loan brokers and their agents under the recently passed Senate Bill 36.
