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Loan Modification
: Mortgage Lender Implode-o-MeterHUD Checking Warehouse Lending for RESPA Compliance
By Implode-Explode Heavy Industries
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"The Department of Housing and Urban Development is looking at warehouse lending to see if such transactions are legitimate secondary market transactions under the Real Estate Settlement Procedures Act."Full post as published by Mortgage Lender Implode-o-Meter on November 19, 2010 (boomark / email).
Lawsuits and Settlements
Lenders Fined
Ryland Group Inc. settles $370,000 questionable lending suit.
Chevy Chase Bank
lawsuit claims the bank is in violation of the Truth in Lending Act
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