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Results 1 - 10 of 210

MBA announces new director of associate membership

Thursday, April 2, 2026

The Mortgage Bankers Association (MBA) announced that Jill Ranck has joined the association as director of associate membership. In this role, Ranck will serve as the primary contact for MBA’s associate members, supporting their business efforts while developing and executing strategies to strengthen their engagement with MBA.

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Former CFPB senior counsel joins international law firm

Wednesday, February 11, 2026

International law firm McDermott Will & Schulte announced that Teresa Kosmidis has joined as a partner in its Transactions Practice Group, based in Washington, D.C. Kosmidis most recently served as senior counsel at the Consumer Financial Protection Bureau and brings consumer financial services regulation, compliance, enforcement and litigation experience to her new position.

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Northwest MLS COO announces retirement

Wednesday, February 4, 2026

On Jan. 13, Monica Beck, Northwest MLS chief operations officer, announced that she will step down from her role in spring 2026

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Sagent appoints CEO to deploy mortgage servicing platform at scale

Wednesday, January 21, 2026

Sagent, a provider of mortgage servicing technology, announced the appointment of Chris Marshall as CEO, effective January 5. Marshall will work with customers and prospects of all sizes to implement Sagent’s end-to-end Dara platform at scale.

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MBA announces new chief financial officer

Wednesday, January 21, 2026

The Mortgage Bankers Association (MBA) announced that Alexandra Brinton joined the association as vice president, chief financial officer. Brinton will oversee MBA’s managerial accounting and financial operations, including financial reporting, budgeting, forecasting and risk management.

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Ohio law firm announces new senior counsel

Wednesday, November 5, 2025

Buckingham, Doolittle & Burroughs, LLC announced that John Rambacher has joined the firm as senior counsel in its Canton, Ohio, office. With over 30 years of legal experience, Rambacher brings a wealth of knowledge and a solutions-oriented approach to the firm’s clients.

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Former CFPB Office of Regulations Deputy Assistant Director joins financial services litigation and compliance group

Wednesday, November 5, 2025

The law firm of Baker Donelson has added Elena Babinecz, a financial services regulatory attorney with 23 years of experience in consumer financial services, as a shareholder in the firm’s Financial Services Litigation and Compliance Group in Washington, D.C. 

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North Texas Real Estate Information Systems announces new executive VP, general counsel

Wednesday, October 15, 2025

North Texas Real Estate Information Systems, Inc. (NTREIS), a multiple listing service in North Texas and Northwest Louisiana, announced the appointment of industry veteran and licensed attorney as executive vice president and general counsel who will oversee strategic operations and serve as NTREIS’s principal legal advisor.

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Spencer Fane welcomes Mike G. Silver to firm’s D.C. office

Wednesday, October 1, 2025

Spencer Fane LLP welcomed Mike G. Silver to the firm’s Washington, D.C., office as a partner in the Banking and Financial Services practice group.

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NAR appoints vice president of event strategy and member engagement

Wednesday, October 1, 2025

The National Association of Realtors (NAR) announced the appointment of Amanda Whitehead as vice president of event strategy and member engagement. Whitehead will manage NAR’s signature programs to deliver experiences that enhance Realtor business success.

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Monthly Newsletter

RESPA News Monthly
June 2026

Cover Story:

RESPert Holly Bunting talks RESPA litigation risk


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12 USC Section 2605 or Section 6 is titled Servicing of mortgage loans and administration of escrow accounts. It pertains to qualified written requests, notices of transfer of servicing and the administration of escrow accounts.
An arrangement that involves a person who is in a position to refer business as part of a real estate settlement service and who has an interest in a settlement services provider.

In the arrangement, the person, who has either an affiliate relationship with or a direct or beneficial ownership interest of more than one percent in a settlement services provider, directly or indirectly refers business to that provider or influences a consumer to select that provider.
An arrangement that involves a person who is in a position to refer business as part of a real estate settlement service and who has an interest in a settlement services provider.

In the arrangement, the person, who has either an affiliate relationship with or a direct or beneficial ownership interest of more than one percent in a settlement services provider, directly or indirectly refers business to that provider or influences a consumer to select that provider.
A mortgage disclosure that lists all estimated charges and fees associated with your loan. In addition to fees and charges, it will list your loan amount, mortgage rate, loan term and estimated monthly payment. Your escrows due at closing for insurance and taxes will also be outlined. Mortgage lenders are legally required to provide a GFE within three days of receiving your application.
A mortgage disclosure that lists all estimated charges and fees associated with your loan. In addition to fees and charges, it will list your loan amount, mortgage rate, loan term and estimated monthly payment. Your escrows due at closing for insurance and taxes will also be outlined. Mortgage lenders are legally required to provide a GFE within three days of receiving your application.
Under RESPA Section 2605(e)(1)(B), a qualified written request is a written correspondence that includes: 1) the name and account of the borrower, or has enough information to allow the servicer identify that information; and 2) a statement of the reasons for the belief of the borrower that the account is in error or provides sufficient detail to the servicer regarding other information sought by the borrower.

A QWR cannot be written on a payment coupon or other payment medium supplied by the servicer.
Under RESPA Section 2605(e)(1)(B), a qualified written request is a written correspondence that includes: 1) the name and account of the borrower, or has enough information to allow the servicer identify that information; and 2) a statement of the reasons for the belief of the borrower that the account is in error or provides sufficient detail to the servicer regarding other information sought by the borrower.

A QWR cannot be written on a payment coupon or other payment medium supplied by the servicer.
12 USC Section 2609 or Section 10 is titled Limitation on requirement of advance deposits in escrow accounts. It governs escrow accounts including notifications and statements to borrowers. Section 10 also sets out penalties for those who violate the section.
RESPA Section 3 provides that a thing of value includes any payment, advance, funds, loan, service or other consideration

Regulation X says thing of value includes: monies, things, discounts, salaries, commissions, fees, duplicate payments of a charge, stock, dividends, distributions of partnership profits, franchise royalties, credits representing monies that may be paid at a future date, the opportunity to participate in a money-making program, retained or increased earnings, increased equity in a parent or subsidiary entity, special bank deposits or accounts, special or unusual banking terms, services of all types at special or free rates, sales or rentals at special prices or rates, lease or rental payments based in whole or in part on the amount of business referred, trips and payment of another person’s expenses or reduction in credit against an existing obligation.
A form used by a settlement or closing agent itemizing all charges imposed on a borrower and seller in a real estate transaction. This form represents the closing transaction and provides each party with a complete list of incoming and outgoing funds. RESPA requires the HUD-1 to be used as the standard real estate settlement form in all transactions in the U.S. involving federally related mortgage loans.
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