RESPA complaint that accused Rocket Homes of favoring real estate agents who steered clients to Rocket Mortgage is dismissed “without prejudice” by CFPB’s new leadership.
Category: Real Estate Settlement Procedures Act
Regulators fire warning shot over bow of mortgage comparison sites
The Consumer Financial Protection Bureau warned on Tuesday that operators of mortgage comparison-shopping platforms may be violating RESPA if they manipulate search results to coerce kickbacks.
Real estate transfer tax hikes create headaches for mortgage lenders
Federal regulations provide “zero tolerance” for miscalculating real estate transaction taxes when providing TILA-RESPA integrated disclosure to borrowers, Black Knight warns.