By the Ballard Spahr LLP Mortgage Banking Group
The federal banking agencies, together with the Farm Credit Administration, have issued joint guidance on amendments to the Flood Disaster Protection Act of 1973 (FDPA). The amendments were part of the...
The Consumer Financial Protection Bureau has expanded its
public Consumer Complaint Database to include complaints about mortgages, bank
deposit products and services, student loans, and other consumer loans (which
category includes complaints about...
by John D. Socknat and Matthew Saunig
Uniform State Test Implementation Nearing
As we previously noted, on April 1, 2013, 20 state
agencies will begin to accept the Uniform State Test (UST) in connection with
the licensing of mortgage loan originators...
The Consumer Financial Protection Bureau has issued a proposal
to supervise nonbank servicers of private and federal student loans who qualify
as "larger participants" in the student loan servicing market. Comments on the
proposal will be...
A nationwide settlement of three class actions involving
claims that a creditor's practice of using "robo-signed" affidavits in debt
collection actions violated the Fair Debt Collection Practices Act (FDCPA) has
been overturned by the...
By Robert A. Scott
Title insurance companies can enforce exculpatory provisions in title insurance policies that exclude liability for tort claims based on a negligent title search performed by an agent, Maryland's highest court has ruled.