In a July 2018 interview with HousingWire, FHA Commissioner Brian Montgomery stated that the FHA wants to bring big banks back to the FHA lending space by increasing transparency and decreasing False Claims Act (FCA)...more
On June 29, 2018, the California Commissioner of Business Oversight warned California residential mortgage lenders and servicers that their failure to file annual reports could lead to enforcement actions. ...more
7/11/2018
/ Annual Reports ,
Consumer Financial Products ,
Consumer Lenders ,
Department of Business Oversight ,
Financial Services Industry ,
Mortgage Lenders ,
Mortgage Servicers ,
Regulatory Oversight ,
Regulatory Requirements ,
Reporting Requirements ,
State and Local Government
On November 2, 2017, the U.S. Court of Appeals for the 11th Circuit affirmed a $13.5 million judgment that the FTC obtained against a group of individuals, law firms, and related entities that engaged in a massive nationwide...more
11/10/2017
/ Appeals ,
Debt-Relief Industry ,
Enforcement Actions ,
Federal Trade Commission (FTC) ,
Financial Fraud ,
Financial Services Industry ,
Loan Modifications ,
Mortgage Assistance Relief Services (MARS) ,
Mortgages ,
Scams ,
Summary Judgment ,
Telemarketing Sales Rule