Conflicts of interest facing appraisers and mortgage lenders
An appraiser must not have a direct or indirect interest, financial, personal or otherwise, in the property they have been retained to prepare an appraisal.
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Tag: Real Estate Settlement Procedures Act (RESPA)
Referral Fees Between Brokerages
Compensation for a referral by or between brokers permitted under the Real Estate Settlement Procedures Act (RESPA)
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RESPA Controls Indirect Kickbacks
Prohibited indirect kickbacks provided by third-party service providers in exchange for referrals from brokers or agents
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Kickbacks as a RESPA Violation
Real Estate Settlement Procedures Act (RESPA) penalties for improper kickbacks
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RESPA Disclosures
Mortgage-related charges to be disclosed under the Real Estate Settlement Procedures Act (RESPA)
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Fee Sharing by a Broker Under RESPA
Acceptance of referral fess under the Real Estate Settlement Procedures Act (RESPA)
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Referring title insurance companies: lawful and unlawful practices
We clarify the line between lawful and unlawful referral behavior.
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The votes are in: Undisclosed referral fees are unlawful kickbacks
Our readers consistently agree undisclosed fees paid to brokers and agents for referring clients...
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Winter 2016/17 CalBRE Real Estate Bulletin Digest
The Winter 2016/17 California Bureau of Real Estate (CalBRE) digest weighs in on RESPA and California anti-kickback laws.
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Top 10 reasons investors reject TRID mortgages
The most common reasons investors refuse to buy mortgages in the secondary mortgage market are highlighted in this list published by the authoring attorney of TRID rules.
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CFPB crackdown: Marketing Services Agreements (MSAs) with brokers
Real estate professionals continue to violate RESPA’s prohibitions against kickbacks. This time, they’re using marketing services agreements.
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New integrated loan disclosure rule delayed
The CFPB has proposed to pushback the implementation date for the new loan disclosure forms to October 1, 2015.
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The Uniform Residential Loan Application and post-submission activities
Understand the components of the Uniform Residential Loan Application and guide your buyer through the closing process.
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Don’t get caught with a kickback
The Consumer Financial Protection Bureau (CFPB) took over Real Estate Settlement Procedures Act (RESPA) enforcement in July of 2011. And they’re taking this responsibility very seriously.
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Get to know the CFPB
The CFPB’s powers and possibilities compel real estate brokerages to practice ethically.
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Mortgage smarts: your buyer is not a lamb!
Even if homebuyers diligently practice safe spending prior to closing, they are still susceptible to last minute surprises due to permissible but deceptive lender behavior.
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first tuesday case in point: RESPA “no-new-service, no-second-fee” rule applies only to fee splitting
This case in point discusses RESPA’s application to fee-splitting and unearned fees, as viewed...
Read MoreRESPA riddles for mortgage loan brokers
This article distinguishes a mortgage loan controlled by the Real Estate Settlement and Procedures Act (RESPA) from a non-consumer loan exempt from RESPA protection, and helps mortgage loan brokers (MLBs) arranging loans secured by a single family residence (SFR) identify which loans qualify for RESPA.
Read MoreRESPA inapplicable to loans funding buy-to-let SFR acquisitions
A real estate investor obtained a federally-related adjustable rate mortgage (ARM) loan from a lender to fund the purchase and refurbishment of a single-family residence (SFR) to rent or sell, not to occupy as a principal...
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Real estate licensees and appraisal management companies may not improperly influence appraisers
New California laws prohibiting improper appraiser influence.
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