Wednesday, February 1, 2017

CFPB Enforcement Action - Realtors Take Note About Referral Fees; GSE news; Jumbo Program Trends

Posted To: Pipeline Press

Although I am now in Phoenix for several days, where house flipping is ramping up again, I was fortunate earlier this week to be able to attend the Texas Mortgage Banker's Secondary Market Conference in Austin. The mood was upbeat, and the attendees were genuinely interested in learning about helping consumers while making sure loans are done in compliant manner. Legal & regulatory news : it doesn't stop...real estate companies beware We all know that $3.5 million isn't chump change. The Consumer Financial Protection Bureau fined Prospect Mortgage, LLC, ReMax Gold Coast, and Keller Williams Mid-Willamette for illegal kickbacks relating to mortgage business referrals. Planet Home Lending was also mentioned. We all know that residential lenders and title companies, among others, have been...(read more)
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