Trending Thursday: Banks make more on mortgages while government steals GSE profits?

Trending Thursday: Banks make more on mortgages while government steals GSE profits?

Yale legal scholars on #FannieGate; homeownership's 50-year low, bank highs and more

Here's how to handle electronic delivery of mortgage disclosures

So many aren't even ready for TRID

Fannie Mae picks non-profit for first small sale of non-performing loans

Completes first “Community Impact Pool” sale
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Items Tagged with 'kickbacks'

ARTICLES

Ocwen, Assurant to pay $140 million to settle force-placed insurance suit

Class-action suit accused Ocwen of artificially inflating costs
Ocwen Financial and Assurant agreed to pay $140 million to settle a massive class-action lawsuit, which accused Ocwen of artificially inflating the cost of force-placed insurance in exchange for kickbacks from Assurant. The settlement agreement, which is awaiting final approval from federal court in Florida, resolves claims of 399,843 homeowners who allege they were overcharged for insurance.
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CFPB fines Lighthouse Title for kickbacks

Michigan agency allegedly paid real estate agents for referrals
“Today’s action sends a clear and simple message, that quid pro quo agreements for real estate referrals are illegal,” said CFPB Director Richard Cordray. “The Consumer Bureau will continue to take action to ensure that the mortgage market is a level playing field where everyone plays by the rules.”
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CFPB hits Kentucky law firm with RESPA suit

Bureau begins flexing its Dodd-Frank oversight duties
The Consumer Financial Protection Bureau flexed its enforcement authority, filing a lawsuit against Kentucky law firm Borders & Borders, alleging the firm and its principals illegally paid kickbacks for real estate settlement referrals.
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