A Washington borrower whose home was damaged extensively from a landslide sued his servicer for allegedly failing to disclose its relationship with an affiliated business before denying his loss mitigation request.
The defendants argued affiliated business arrangements are exempt from 12 U.S.C. ยงยง 2607, which prohibits giving or accepting anything of value in exchange for referrals as part of real estate settlement service.
Read on to see how a judge ruled.
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