December 26 2024

No Dice: Homeowners Fail in Attempt to Use RESPA as a Foreclosure Shield

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A Florida court sides with mortgage servicers in two cases where the homeowners attempted to use RESPA as a shield against foreclosure. In one case, the homeowner argued that the mortgage servicer should not be able to foreclose because it didn't respond to repeated requests for payment history that included a previous financial institution. In the other case, the borrower claims the servicer failed to respond in detail to a borrower's inquiry about why the property was being subjected to drive-by inspections. In both cases, the court found the servicers sufficiently responded. [10/14/15]

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Complaints: Why you shouldn’t shun them, but invite them! In this era of exploding complaint volume, this certificated webinar (see instructions in video for how to get your free certificate of completion) takes a look at the risks, evolution, and need for a management strategy to effectively deal with complaints. Before that, we cover what’s hot in compliance, as seen by the editors of Risk InboX. This week’s hot items: 1) HUD cancels Obama era Fair Housing rule; 2) “HMDA” for boards and management; and 3) CFPB has added a new dimension to its complaint database. Click here to watch now.

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