All Rise

Results 1 - 10 of 62

WealthCounsel promotes new leaders

Posted Date: Friday, September 21, 2018

WealthCounsel, LLC, has promoted four staff members: Heather Satin, LL.B, is now vice president, Katelyn Griffin will lead member experience, Kristine Hynes is now the vice president of technology, and Stewart Shelline is now the platform director.

All Rise

Butler Snow adds Richmond attorney

Posted Date: Wednesday, August 01, 2018

Butler Snow has announced that Kevin A. White has joined the firm’s Richmond office.
White will practice with the firm’s public finance, tax incentives and credit markets group. The addition of White will expand Butler Snow’s bond counsel practice in Virginia and the southeast.

All Rise

Butler Snow attorney ranked top litigator

Posted Date: Wednesday, August 01, 2018

Butler Snow is pleased to announce Kari L. Sutherland has been named in Benchmark Litigation’s Top 250 Women in Litigation.

All Rise

Chambers High Net Worth recognizes 4 Butler Snow attorneys

Posted Date: Wednesday, August 01, 2018

Butler Snow is pleased to announce that four attorneys received recognition in the 2018 edition of Chambers High Net Worth (HNW), a publication which is specifically aimed at the private wealth market. The publication also recognized Butler Snow in its firm rankings.

All Rise

Butler Snow adds two attorneys to Denver office

Posted Date: Wednesday, August 01, 2018

Butler Snow is pleased to announce that David G. Mayhan and Sarah Smyth O’Brien have joined the firm’s Denver office. Mayhan and O’Brien will both practice with the firm’s tort, transportation and specialized litigation group.

All Rise

Stonehill Group announces new president/COO

Posted Date: Wednesday, August 01, 2018

The Stonehill Group, a veteran-owned, nationwide provider of quality control, due diligence and mortgage fulfillment solutions for the mortgage industry, announced that Patrick Gluesing will join the company as president and chief operating officer. Gluesing will oversee the strategic growth of the company as well as its day-to-day operations. David Green, who founded The StoneHill Group in 1996 and served as president and CEO, will remain as Chairman/CEO focusing on strategic initiatives, customer relations and marketing.

All Rise

Markison joins Weiner Brodsky Kider

Posted Date: Tuesday, July 10, 2018

Weiner Brodsky Kider PC announced today that Ken Markison has joined the firm as of counsel in its regulatory compliance practice. Kider has more than 40 years of experience in the housing and mortgage industry, including 32 years at the U.S. Department of Housing and Urban Development, and more than a decade at the Mortgage Bankers Association (MBA), where he served as vice president and regulatory counsel.

All Rise

Butler Snow names Mandy Pope new CFO

Posted Date: Tuesday, July 10, 2018

Butler Snow is pleased to announce that Mandy Pope has been named the firm’s new chief financial officer after an expansive search. Pope will fill the role formerly held by Rance Sapen who was recently promoted to chief operating officer of the firm.

All Rise

Butler Snow Ranked by The Legal 500 U.S.

Posted Date: Thursday, June 14, 2018

Butler Snow is pleased to announce that The Legal 500 U.S. ranked the firm nationally for its pharmaceutical, medical device and health care work. The firm was one of 19 firms ranked in the top tiers nationwide for Dispute Resolution: Product Liability, Mass Tort and Class Action: Pharmaceuticals and Medical Devices – Defense. In the rankings, The Legal 500 U.S. stated that “[t]he ‘knowledgeable, dedicated and hardworking’ [Butler Snow] team regularly handles sector-related mass torts and MDLs and stands out with extensive trial expertise.”

All Rise

Butler Snow runner-up for International Law Firm of the Year

Posted Date: Wednesday, May 16, 2018

Butler Snow is pleased to announce the firm was named runner-up for International Law Firm of the Year – USA in Citywealth magazine’s 2018 Magic Circle Awards.

All Rise

PHH: A case about ‘Nothing’ and everything

more RESPA Tips »

Take our current Poll

How do you feel about the CFPB's RESPA resources and activities compared with its predecessor, HUD?

The CFPB has more RESPA resources and expertise than HUD had
The CFPB and HUD are about equal when it comes to RESPA
The CFPB has slightly less RESPA resources and expertise than HUD had, but is gaining ground
HUD had more RESPA resources and expertise than the CFPB currently has

Your Comments:

Monthly Newsletter

RESPA News Monthly
September 2018

Cover Story:

Kider: PHH ruling ends regulation by enforcement

Recent Webinar

Your TRID Questions Answered: Featuring Richard Horn
With the TRID 2.0 implementation date approaching fast, find out from the expert himself what you not only need to comply, but what some of the other CFPB compliance concerns are as October 1 gets closer.

PUBLICATIONS | WEBINARS | SPECIAL REPORTS

Tweets from https://twitter.com/RESPANews/lists/around-the-industry

News by Topic

News by Edition

Library

RESPA Defined

Congressional Hearings

Enforcement Update

Regulatory News

The Week in Washington

RESPA News Monthly
July 2018

RESPA News Monthly
August 2018

RESPA News Monthly
September 2018

CFPB Guidance Documents

Enforcement Documents

Federal and State Legislation

Federal Register Notices

HUD's FAQ's - General

HUD's RESPA final rule FAQs

Model Disclosure Forms

Other Guidance Documents

Position Papers

Proposed Disclosure Forms

Proposed Rules and Regulations

Settlement Agreements

Special Reports

Statements of Policy

Studies and Proposals

Timeline of revisions

Disclosure requirements

Prohibited practices

RESPA enforcement

Dodd-Frank Amendments

The RESPA Statute

About

Subscribe

Store

Contact / Editors

Are You An Expert?

Subscriber Agreement

Free Email Updates

Try a Free Issue

Special Reports

The Summit (NS3)

Other Newsletters

The Title Report

The Legal Description

Valuation Review

Dodd Frank Upate

Copyright © 2005-2018 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

> Valuation Review

> The Legal Description

> The Title Report

> Dodd Frank Update

> The October Store

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.

Under Regulation X, required use means a situation in which a person must use a particular provider of a settlement service in order to have access to some distinct service or property, and the person will pay for the settlement service of the particular provider or will pay a charge attributable, in whole or in part, to the settlement service.

However, the offering of a package or (combination of settlement services) or the offering of discounts or rebates to consumers for the purchase of multiple settlement services does not constitute a required use. Any package or discount must be optional to the purchaser. The discount must be a true discount below the prices that are otherwise generally

12 USC Section 2607 or Section 8 is titled Prohibition against kickbacks and unearned fees. It prohibits fees or kickbacks for referrals. It also prohibits accepting a portion of fee except for services actually performed. Section 8 provides information on what payments are allowed under this section and the penalties for violations.

12 USC Section 2608 or Section 9 is titled Title companies; liability of seller. This section states that a seller cannot require, as a condition of selling the property, that title insurance be purchased by any particular title company. Section 9 states that a seller who violates this section is liable to the buyer for treble damages.

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.

Under RESPA, settlement service includes any service provided in connection with a real estate settlement. The statute provides a list of services.

Under Regulation X, settlement service means any service provided in connection with a prospective or actual settlement. The regulation provides an extended list of services as compared to the statute.

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 EDITION

SPECIAL REPORTS