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

Industry and Regulatory Outlook webinar

Complimentary Webinar

Original Air Date: December 10, 2024

Take some time to watch this insightful webinar where we explore the latest trends affecting title insurance and mortgage professionals. Stay ahead of the curve with expert analysis and insights to help your business thrive in the coming year.

October Research brought together two leaders in their fields to give you a competitive edge with analysis and practical strategies on the following topics:

  • UDAAP and fair lending updates
  • The impact of Loper Bright
  • Cybersecurity compliance
  • Artificial intelligence
  • CRA and state-level enforcement
  • NAR settlement and DOJ impact
  • Mortgage closing costs and CFPB oversight
  • And much more...

Watch today to gain valuable insights to set up your business for the latest changes as well as many of the new ones expected in 2025.

Thank you to Qualia for sponsoring this complimentary webinar.

 

Please provide the following
information to watch the webinar:

*
*
*
*
*

Please do not share my information (name, company, phone, state, country) with sponsors. Emails are never shared.

Get free news updates from:

The Title ReportGet the latest from the nation’s only independent trade publication for the title and settlement services industry, educating and empowering professionals with competitive strategies to help grow your business.

The Legal DescriptionFeaturing national case law reporting and compliance coverage specifically for professionals in the title and settlement services industry, to help keep you informed and compliant.

RESPA NewsThe nation’s only publication dedicated to RESPA compliance to help keep you informed in an ever-changing regulatory landscape.

Dodd Frank UpdateThe hub for mortgage lenders and financial services professionals, providing legal and regulatory compliance with the Dodd-Frank Act to ensure your compliance in the marketplace.

Valuation ReviewThe source of knowledge and market intelligence for the appraisal and valuation industries, helping professionals stay informed and grow their business.

NS3 AnnouncementsStay up to date with all the lastest details on the industry's premier professional development and networking event.

WLS AnnouncementsSign up for updates on the destination for professional women to connect with like-minded individuals and get the tools for success.
Featured Speakers Moderator

Mike G. Silver

Partner
Husch Blackwell

Mike is a partner at Husch Blackwell who came to the firm in February after more than 12 years at the Consumer Financial Protection Bureau (CFPB). Mike advises both established and emerging companies on consumer financial services regulatory issues, utilizing his agency insider experience to help them navigate the labyrinths of federal and state regulatory regimes. His core areas include mortgage origination and consumer lending, particularly RESPA section 8 and TILA loan originator compensation; UDAAP; regulations involving innovation, technology, and digital marketing; small-dollar lending; deposits; and debt collection.

Mike was one of the original members of the CFPB’s Office of Regulations, joining the agency in September 2011 just weeks after it opened its doors. He helped grow the CFPB from a startup to a mature organization and played a central role in leading or writing some of the agency’s most impactful rule and guidance initiatives, including the NSF fee rule proposal, RESPA advisory opinion on comparison-shopping websites, UDAAP policy statements on abusiveness authority, the 2017 small-dollar lending rule, and the 2013 loan originator compensation and TRID rules. Mike also helped shape the CFPB’s approach to innovation issues by partnering with the Office of Innovation to evaluate No-Action Letters and Trial Disclosure Program requests.

Since joining Husch Blackwell, Mike has quickly emerged as a thought leader on the CFPB’s activities, the agency’s evolution and growth, and its changing approach to technology and innovation issues. He has published articles about the CFPB in American Banker and Law360, discussed agency developments in the Washington Post, RESPA News, Dodd Frank Update, Law360, Bank Director, and Capitol Account, and appeared on podcasts with the fintech companies Tennis Finance and InformedIQ.

LaTasha Waddy

Executive Vice President and Chief Legal Officer
NFM Lending

Latasha Waddy, acts as Chief Legal Officer/Executive Vice President for the NFM Lending Family of lenders. Throughout her 10+ year tenure, she has been a strategic partner in the growth of the organization from 175 to over 1,200 team members serving the mortgage needs for consumers nationwide. LaTasha has participated as a panelist on a variety of topics for The Mortgage Bankers Association, Modern Counsel, Women, Influence & Power in Law) and The Fix with Rob Chrisman.

Her commitment to affordable housing and financial education continues through her board positions with True Ground Partnership and Housing Council of America. In 2024, inspired by her four beautiful children, LaTasha published a series of children’s books as a tool to help parents start a conversation with their kids about money.

LaTasha graduated with honors from the University of Maryland Eastern Shore and the University of Baltimore School of Law.

DeAnn Newhouse

Title Operations Consultant
Qualia

With 25 years of experience in the Title and Escrow industry, DeAnn Newhouse joined the Qualia team to help transform the closing process for all parties involved. Formerly a VP of Escrow Operations, DeAnn is committed to providing a product that not only enhances clients’ revenue, efficiency, and scalability, but also empowers their teams to deliver an exceptional closing experience. Her expertise lies in change management and tailoring software solutions to meet the unique needs of clients in local, regional, and national markets according to their organizational structure.


Monthly Newsletter

RESPA News Monthly
May 2025

Cover Story:

CFPB asks to vacate settlement with Townstone, citing misconduct by CFPB


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
March 2025
RESPA News Monthly
April 2025
RESPA News Monthly
May 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
April 2025
March 2025
February 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
Evolving Realtor Relationships
2025 Economic Outlook Series
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