Tag Archives: Home Mortgage Transactions

CFPB Enforces RESPA in its First Appellate Decision of the Director

In the first appeal of an administrative enforcement proceeding before the Consumer Financial Protection Bureau (“Bureau”), the administrative law judge (ALJ) concluded that PHH Corporation, a mortgage lender, referred consumers to mortgage insurance companies in exchange for mortgage reinsurance premiums. The ALJ held that these mortgage reinsurance premiums were considered kickbacks—which are a violation of … Continue Reading

Lawsuit Seeks to Address Illegal Scheme Connected to Consumers’ Home Mortgage Transactions

“Secret and unlawful payments keep consumers in the dark and put honest businesses at a disadvantage, and the Consumer Bureau will continue to take action against them,” said Consumer Financial Protection Bureau (the Bureau) director Richard Cordray. On April 29, 2015, the Bureau and the Consumer Protection Division, Maryland Attorney General (CPD), filed a complaint … Continue Reading
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