Monday Morning Cup of Coffee: Goldman's $1B FHFA settlement?

Monday Morning Cup of Coffee: Goldman's $1B FHFA settlement?

America’s lost decade; FHA fees drag; Mortgage lending, RMBS slow to a crawl

Here’s why the FHFA is not a fan of principal reduction

Who's going to pay for that?

Before you judge Dodd-Frank...

Urban Institute: "Can we really calculate the cost?"

Items Tagged with 'U.S. Supreme Court'


Supreme Court agrees to consider case on rescinding mortgage loans

Due to lack of Truth in Lending Act disclosures
April 28, 2014
The Jesinoskis' lawsuit claims that when their loan was closed, Countrywide did not provide all of the disclosures required by the Truth in Lending Act. Their suit states that they were not provided with two copies of a “Notice of Right to Cancel” and two copies of a “Truth in Lending Disclosure Statement.” They later acted to rescind their loan and were denied by the bank.
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Disparate impact case settles, leaving lenders back where they started

Firms had hoped for a Supreme Court decision
November 15, 2013
Lenders looking for a U.S. Supreme Court decision on the legal theory of disparate impact in lending discrimination cases will have to wait until another case reaches the nation’s highest court to get clarity. And that could take months – even years, if at all.
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CFPB leader not backing down on lending discrimination cases

Disparate impact legal theory stands for now
September 24, 2013
Unless the U.S. Supreme Court steps in, the Consumer Financial Protection Bureau will continue to view disparate impact as the appropriate legal theory to use when working on lending discrimination cases against banks.
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Supreme Court to hear case tangentially related to CFPB director post

June 24, 2013
The U.S. Supreme Court agreed to review an appellate court case that invalidated several of President Obama’s recess appointments to the National Labor Relations Board.While the...
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Supreme Court refuses to hear Goldman Sachs RMBS case

March 18, 2013
The U.S. Supreme Court punted on a chance to hear a case that could have a significant impact on the scope and size of residential mortgage-backed...
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Court of Appeals rules on borrower rescission rights

February 7, 2013
Three years after loan consummation, a borrower is able to file a lawsuit seeking rescission as long as the borrower has sent a written notice of...
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Disparate impact case comes back to haunt DOJ

September 25, 2012
A U.S. Justice Department attorney is taking heat from several lawmakers who believe he may have played a role in pushing a key housing discrimination case...
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Supreme Court passes on RESPA case

July 2, 2012
The U.S. Supreme Court disappointed the mortgage finance and settlement services industries by refusing to deliver an opinion in a well-known Real Estate Settlement Procedures Act...
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Supreme Court favors Quicken Loans in RESPA fee-splitting case

May 25, 2012
The U.S. Supreme Court ruled unanimously in favor of Quicken Loans, holding that the lender could charge loan discount fees under the Real Estate Settlement Procedures...
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CFPB to focus on disparate impact claims

April 18, 2012
The Consumer Financial Protection Bureau said it will use all available legal avenues to deal with predatory lending, including "disparate impact" claims when bringing cases under...
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