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U.S. Supreme Court Delivers a Brushback Pitch to Federal Regulators in Freeman v. Quicken Loans, Inc.

Excerpt: The United States Supreme Court delivered a major win to the residential mortgage loan industry when it unanimously ruled that the prohibition under the Real Estate Settlement Procedures Act ("R.E.S.P.A.") on splitting fees for settlement services requires at least two or more persons...

Bank of America to Pay $3.6B to Settle Residential Mortgage Loan Issues

CHARLOTTE, N.C. - (Mealey's) Bank of America Corp. will pay $3.6 billion to Fannie Mae and repurchase $6.75 billion in certain residential mortgage loans sold to Fannie Mae to resolve certain issues "relating to the origination, sale and delivery of substantially all residential mortgage...