Post Profile






‘Not a close call’: PHH indisputably wins CFPB court battle

Mortgage lender PHH Corp. is having a very good Tuesday. The company has been battling the Consumer Financial Protection Bureau (CFPB) over its mortgage insurance practices since 2014, when the CFPB alleged that PHH referred consumers to preferred mortgage insurer partners and took reinsurance fees as kickbacks...
read more

share

Related Posts


Re/Max and Quicken Loans in court battle over MSA gone wrong

Real Estate / Real Estate Industry News : Inman News

For about four years, the Consumer Financial Protection Bureau (CFPB) has put marketing service agreements (MSAs) between real estate brokers, mortgage lenders and settlement service providers under a microscope, causing confusion a...

Mortgage insurer hit with six-figure fine for alleged RESPA violations

Real Estate / Real Estate Industry News : Inman News

Republic Mortgage Insurance Corp. (RMIC) will be required to pay $100,000 in penalties for allegedly paying illegal kickbacks to mortgage lenders in exchange for business, according to the Consumer Financial Protection Bureau. The C...

Bureau fines mortgage lender $250,000 for deceptive ads

Real Estate / Real Estate Industry News : Inman News

Continuing its streak of taking action against mortgage lenders accused of engaging in deceptive advertising practices, the Consumer Financial Protection Bureau (CFPB) announced today that it has fined RMK Financial Corp., $250,000 ...

Lawsuit alleges mortgage lender and its owner steered consumers into costlier mortgages

Real Estate / Real Estate Industry News : Inman News

Continuing its streak of enforcement actions involving mortgage lenders, the Consumer Financial Protection Bureau (CFPB) announced today that it has filed a complaint in federal court against California mortgage lender RPM Mortgage ...

CFPB v. PHH, explained

Real Estate / Real Estate Industry News : Inman News

The legal battle between the Consumer Financial Protection Bureau (CFPB) and New Jersey-based mortgage lender PHH Corp., is one of the most-watched cases in the mortgage and real estate industries, and for good reason: It involves a...

Comments


Copyright © 2016 Regator, LLC