Mortgage Info for Homes and Small Business Financing

Tag Archives: Compliance

Penalties for Violations of RESPA and Regulation X

Rules and regulations that prohibit kickbacks, referrals, and fee splitting, are subject to the most severe penalties for violation of RESPA including fines of up to $10,000 and one year in prison.¬† Find more details in RESPA Requirements and Violations of Section 8. Penalties for Violations of RESPA Section 6 of RESPA addresses loan servicing… Continue Reading

New Lending Regulations Do Little to Protect the Consumer

Once upon a time in a land where everyone wanted to be protected from making¬†mistakes and errors in judgment and no one wanted to be responsible for the actions they initiated themselves…¬† Regulators created the Home Valuation Code of Conduct (HVCC) and reformulated the Real Estate Settlement Procedures Act (RESPA) with a new and updated… Continue Reading

Tips, Tricks and Mortgage MoJo
Get the latest content first.
Your privacy is always respected.