RESPA | firsttuesday Journal

Mortgage Concepts: Is my loan subject to RESPA?

by ft Editorial Staff | Jan 7, 2022 | Feature Articles, Mortgages, Real Estate, Video, Your Practice | 0

This video discusses determining whether or not your loan is subject to the Real Estate Settlement Procedures Act (RESPA).

Referral Fees Between Brokerages

by ft Editorial Staff | Jun 24, 2021 | Feature Articles, Real Estate, Video | 0

Compensation for a referral by or between brokers permitted under the Real Estate Settlement Procedures Act (RESPA)

Kickbacks as a RESPA Violation

by ft Editorial Staff | Jun 10, 2021 | Feature Articles, Real Estate, Video | 0

Real Estate Settlement Procedures Act (RESPA) penalties for improper kickbacks

Brokerage Reminder: Kickbacks – the unlawful referral fee

by ft Editorial Staff | Jul 7, 2020 | Brokerage Reminder, Fundamentals, Real Estate | 7

A bad habit to kick Although kickbacks — the practice of accepting referral fees from third-party...

Fee Sharing by a Broker Under RESPA

by ft Editorial Staff | Jul 30, 2019 | Real Estate, Video | 0

Acceptance of referral fess under the Real Estate Settlement Procedures Act (RESPA)

Survey says: Homebuyers pleased with TRID disclosures

by Amy Thomas | May 17, 2016 | Buyers and Sellers, Finance, Real Estate | 2

91% of homebuyers are satisfied with the new closing disclosures — although some lenders still struggle with incorporating them into their practice.

POLL: Have the TRID mortgage rules delayed your closings?

by ft Editorial Staff | Dec 21, 2015 | Finance, Laws and Regulations, Reader Polls, Real Estate | 1

Have the new TILA-RESPA integrated disclosure (TRID) mortgage rules for purchase-assist financing...

Kickbacks: the end of an opulent era

by Jeffery Marino | Aug 12, 2011 | Feature Articles, Fundamentals, Real Estate | 2

This article reports recent case law involving settlement service providers accused of violating RESPA laws that prohibit the unlawful practice of paying kickbacks to real estate brokers for client referrals.

Higher FHA-insured loan costs push homebuyers to prowl the market

by ft Editorial Staff | May 16, 2011 | Real Estate | 2

Annual default premiums (MIPs) on 30-year Federal Housing Administration (FHA)-insured loans for homebuyers with less than 5% down payment rose to 1.1 or 1.15% of the home value from 0.85 or 0.9%, effective April 18, 2011. For a...

The Good Faith Estimate needs further revision

by ft Editorial Staff | Mar 31, 2011 | Real Estate | 3

The more accurate Good Faith Estimate (GFE) released in January 2010 under the Real Estate Settlement and Procedures Act (RESPA) is still not accurate enough, according to the Center for Responsible Lending. Under RESPA...

January 2011 Forms

by Connor P. Wallmark | Jan 4, 2011 | Real Estate | 0

Double dipping: a second fee on a sale paid by the lender or loan broker.

December 2010 LWs

by ft Editorial Staff | Nov 22, 2010 | Finance, New Laws, Real Estate | 0

A look at the legislation affecting real estate enacted during the 2009-2010 Legislative Session. For our archive of the Legislative Watch for years past, click here.

How to make money as an endorsed, registered, law-abiding RESPA mortgage loan broker

by ft Editorial Staff | Oct 20, 2010 | Feature Articles, Licensing and Education, Real Estate | 6

This article reviews the changes made to mortgage loan broker (MLB) compensation by the Dodd-Frank Wall Street Reform and Borrower Protection Act.

September 2010 RCDs

by ft Editorial Staff | Aug 31, 2010 | Laws and Regulations, Real Estate, Recent Case Decisions | 3

A digest of recent court cases affecting real estate.

Endorsement requirements for RESPA mortgage brokers

by Bradley Markano | Jul 14, 2010 | Feature Articles, Real Estate | 13

This article examines the ongoing changes in reporting and endorsement requirements imposed on residential mortgage loan brokers and their agents under the recently passed Senate Bill 36.

When it comes to fees: charge only one and disclose it to your client

by Giang Hoang-Burdette | Apr 20, 2010 | Real Estate | 0

Additional fees charged by real estate agents separate from their basic contingency fee were the subject of a recent letter to industry lawyers from the federal Department of Housing and Urban Development (HUD). The HUD letter...

February Forms

by Connor P. Wallmark | Feb 1, 2010 | Finance, Real Estate | 1

Get your buyer the best financial advantage – Submit multiple loan applications and compare

New steps regarding new licensing requirements for mortgage brokers

by ft Editorial Staff | Jan 26, 2010 | Licensing and Education, Real Estate | 2

Effective January 1, 2010, any Mortgage Loan Broker (MLB) who makes, arranges or services residential or commercial mortgage loan secured by real estate in California must report to the Department of Real Estate (DRE) prior to...

HUD’s new GFE

by ft Editorial Staff | Jan 25, 2010 | Real Estate | 0

An updated version of the Real Estate Settlement Procedures Act (RESPA) Good Faith Estimate (GFE) and Settlement Statement (HUD-1) was released by the Department of Housing and Urban Development (HUD) for use in 2010. RESPA...

Nationwide Mortgage Licensing System Consumer Access to be available January 25, 2010

by ft Editorial Staff | Jan 14, 2010 | Licensing and Education, Real Estate | 0

The Nationwide Mortgage Licensing System (NMLS) Consumer Access website will launch on January 25, 2010, giving borrowers access to their mortgage originators’ licensing and employment records. The fully-searchable list will be...