Tuesday, May 16, 2017

You've been warned: CFPB puts Realtors, lenders on RESPA violation watch

RESPA — the Real Estate Settlement Procedures Act — is a current buzzword in the housing industry with an increased scrutiny from the industry’s top consumer watchdog. So far this year, the Consumer Financial Protection Bureau slapped Prospect Mortgage with a $3.5 million fine for violating RESPA and stepped up it ongoing investigation into Zillow for possible violations. If you’re looking for a sign, here it is.

from Byrd Mix http://ift.tt/2pUyIMj via byrd memphis developer


from Tumblr http://ift.tt/2qQ2JSE

No comments:

Post a Comment