Join us on LinkedIn Follow us on Twitter Like us on Facebook Follow us on Instagram
 
  OCTOBER RESEARCH STORE Already a subscriber? LOG IN
AddControlToContainer_DynamicNavigation5

All Rise
Results 1 - 10 of 191

NAR names Tether RE as winner of 2024 Pitch Battle Competition

Posted Date: Thursday, October 17, 2024

The National Association of Realtors announced Tether RE won the sixth annual Pitch Battle competition at the 2024 Innovation, Opportunity & Investment Summit.

All Rise

Voxtur promotes new CEO

Posted Date: Wednesday, October 9, 2024

Voxtur Analytics Corp. has named Ryan Marshall as CEO. As the new CEO, Marshall brings a deep understanding of the company’s operations, market dynamics, and growth potential.

All Rise

Fairway Mortgage promotes two new execs

Posted Date: Thursday, October 3, 2024

Fairway Independent Mortgage Corp. announced the promotions of Haley Parker and Brittny Hovland within its corporate executive ranks.

All Rise

Incenter names new Lending-in-a-Box president

Posted Date: Wednesday, September 25, 2024
Ralph Armenta has joined Incenter Lender Services as Lending-in-a-Box president. Incenter is a family of companies that collaborate on solutions to improve the financial and operational performance of both lenders and depositories.

Read on for more details.
All Rise

NCRC welcomes new team members

Posted Date: Wednesday, August 21, 2024
The National Community Reinvestment Coalition (NCRC) hired Devin Mack as director of fair and equitable opportunity, Simon McNeil as executive director of NCRC Community Development Fund, and Rosemary Ramirez as corporate counsel and director of compliance.
All Rise

NFHA honors recipients of the Brooke-Mondale Fair Housing Award

Posted Date: Wednesday, August 14, 2024

The National Fair Housing Alliance announced Brooke-Mondale Fair Housing Award recipients: Lee Porter, Bernie Kleina, Cat Cloud, and Debby Goldberg.

All Rise

loanDepot promotes EVP to managing director of mortgage lending operations

Posted Date: Wednesday, August 7, 2024

loanDepot Inc. promoted Viviana Abarca to managing director of mortgage lending operations. She will be responsible for loan processing, underwriting and closing operations.

All Rise

Xactus names new CFO

Posted Date: Wednesday, July 31, 2024
Xactus named Joseph Peterson as chief financial officer to manage accounting and finance functions, to develop procedures and financial controls, and to secure funds and minimize risk.
All Rise

Stern & Eisenberg appoints new COO

Posted Date: Wednesday, July 24, 2024
Stern & Eisenberg, based in Warrington, Pa., announced the appointment of Patrick O’Brien to chief operating officer, bringing over 27 years of industry experience.
All Rise

NAHREP announces top Latinx real estate agents

Posted Date: Wednesday, July 17, 2024

The National Association of Hispanic Real Estate Professionals released its 13th annual Top 250 Latino Agents Report with support from Freddie Mac.

All Rise
12345678910>>

Monthly Newsletter

RESPA News Monthly
July 2025

Cover Story:

Attorney responds to judge denying motion to vacate Townstone settlement


News by Topic   News by Edition   In-depth Reports   Events   Subscribe
All Rise
Case Law
Enforcement Update
Industry News
Legislation
Regulatory News
The Week in Washington
The TRID Journey
TILA News
 
 
RESPA News Monthly
May 2025
RESPA News Monthly
June 2025
RESPA News Monthly
July 2025
Archives
 
2025 State of the Industry
The ABCs of RESPA
Fair Lending
Mortgage Technology
Real Estate Compliance Outlook
Archives
 
 
National Settlement Services Summit (NS3)
Women's Leadership Summit (WLS)
Webinars
 
Subscriptions
Free Email Updates
Try a Free Edition
Library       RESPA Defined   About   Other Publications
NAR Settlement Resources
Affiliated Compliance
Blog - Tuesdays with Mary
Case Law
CFPB Guidance Documents
Enforcement Documents
Federal and State Legislation
Federal Register Notices
HUD's FAQ's - General
HUD's RESPA final rule FAQs
 
Keys to Real Estate Podcast
Model Disclosure Forms
Other Guidance Documents
Position Papers
Proposed Disclosure Forms
Proposed Rules and Regulations
Settlement Agreements
Statements of Policy
Studies and Proposals
 
Timeline of revisions
Disclosure requirements
Prohibited practices
RESPA enforcement
Dodd-Frank Amendments
Current Issues
The RESPA Statute
 
RESPA News
Contact / Editors
Advertise
Request a Media Kit
Social Media
Are You An Expert?
Subscriber Agreement
 
The Title Report
The Legal Description
Valuation Review
Dodd Frank Upate
Copyright © 2005-2025 RESPA News
An October Research, LLC publication
3046 Brecksville Road, Suite D, Richfield, OH 44286
(330) 659-6101, All Rights Reserved
www.respanews.com | Privacy Policy
VISIT OUR OTHER WEBSITES
> Dodd Frank Update
> The Legal Description
> The Title Report
> Valuation Review
> NS3 The Summit
> Women's Leadership Summit
> October Research, LLC
> The October Store

Loading... Loading...
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.
Featuring:
  • Delivery 3X a week plus breaking news as it happens
  • Comprehensive title insurance industry news
  • Recent acquisitions, mergers, real estate stats
  • Exclusive in-depth coverage of the industry's hottest stories
Featuring:
  • Delivery 2X a week plus breaking news as it happens
  • Comprehensive Dodd-Frank coverage
  • The latest information from the CFPB
  • Full coverage of Congressional hearings
  • Updates on all agency actions
  • Analysis of controversial provisions
  • Release of newest studies and reports
Sign up today and...
  • Be one of the first to know where NS3 is being held
  • Learn about NS3 speakers and sessions
  • Save on registration with Super-Early Bird rates
  • Discover the networking opportunities NS3 offers
  • Find out if CE credits will be offered for your area
  • And much more
Featuring:
  • Delivery 2X a week plus breaking news as it happens
  • Preview the latest RESPAnews.com Top Story
  • RESPA related headline news
  • Quote of the Week
Featuring:
  • Delivery 2X a week plus breaking news as it happens
  • Legal, regulatory and legislative information impacting the settlement services industry
  • News from HUD, Congress, state legislatures and other regulatory agencies
  • Follow the lobbying efforts of all the major national real estate services organizations.
Featuring:
  • Delivery 2X a week plus breaking news as it happens
  • The industry's only full-time newsroom
  • Relevant, up-to-date appraisal industry news
  • Covering the hottest stories and industry trends
NEWS BY TOPIC
NEWS BY EDITION
IN-DEPTH REPORTS
EVENTS
LIBRARY
FREE EMAIL UPDATES
ABOUT
SUBSCRIBE
All Rise
Case Law
Conference Coverage
Enforcement Update
Industry News
Legislation
Regulatory News
This Week in Washington
The TRID Journey
TILA News
Current Edition
June 2025
May 2025
April 2025
Archives
2025 State of the Industry
Real Estate Compliance Outlook
The ABCs of RESPA
Fair Lending
Mortgage Technology
Best Practices
Archives
National Settlement
Services Summit (NS3)
Women's Leadership
Summit (WLS)
Webinars
2025 Economic Outlook Series
Evolving Realtor Relationships
CFPB's Shake-Up & Its Impact
Artificial Intelligence for Title
Industry and Regulatory Outlook
RESPA Updates You Need to Know
Evolving Consumer Relationships
Strategies post-NAR settlement
Excess Equity
Securing Your Cyber Network
2024 Economic Forecast Series
Webinar Archives
Cyber Solutions Showcase
NAR Settlement Resources
Keys to Real Estate Podcast
Blog - Tuesdays with Mary
Executive Interview Series
eClosing Solutions Showcase
RESPA DEFINED
Affiliated Compliance
Case Law
Disclosure Forms
Enforcement
Federal and State Legislation
Guidance Documents
HUD's FAQ's - General
HUD's RESPA final rule FAQs
In-Depth Reports
Position Papers and Studies
Rules and Regulations
Timeline of revisions
Disclosure requirements
Prohibited practices
RESPA enforcement
Dodd-Frank Amendments
RESPA Glossary
Current Issues
The RESPA Statute
Model Disclosure Forms
Proposed Disclosure Forms
Enforcement Documents
Settlement Agreements
CFPB Guidance Documents
Other Guidance Documents
Statements of Policy
Position Papers
Studies and Proposals
Federal Register Notices
Proposed Rules and Regulations
RESPA News
Contact Us
Advertise
Request a Media Kit
Social Media
Are You An Expert?
Subscriber Agreement