Currently viewing the tag: "RESPA"
Mortgage servicers’ Achilles Heel: Regulatory compliance
September 14, 2009 by CULIK LAW
Mortgage Servicing News reports in the article Compliance The Top Concern for Servicing Executives that a survey from Nationwide Title Clearing has found that “regulatory compliance” is the top problem facing mortgage servicers: Over half of the survey participants say regulatory compliance is their top worry. Penalties for non-compliance typically range from $500 to $25,000 [...]
Continue Reading →Emotional-distress claim allowed in suit against mortgage servicer Countrywide
September 8, 2009 by CULIK LAW
A federal magistrate judge has denied a mortgage servicer’s motion to dismiss a homeowner’s claims of emotional distress, ruling that claims for emotional distress are “actual damages” permitted under RESPA and the Fair Debt Collection Practices Act (FDCPA). In their claims, the homeowners seek actual damages, alleging that Countrywide Home Loans failed to properly credit [...]
Continue Reading →Your Rights… and Your Mortgage Servicer’s Responsibilities
June 24, 2009 by CULIK LAW
When you apply for a home mortgage, you may think that the lender, or loan originator, will service the loan until it is paid off or your house is sold. However, in today’s market mortgage servicing rights often are bought and sold. The Real Estate Settlement Procedures Act (RESPA) is a consumer protection statute. Sections [...]
Continue Reading →Untitled Document "I cannot thank you enough for the stellar work you did on my Loan Modification. I tried it myself with no success. You were the expert I needed! You were friendly with me and relentless with the bank. You never lost patience nor spirit. You took it to every level necessary to win. AND WIN WE DID. The Modification you obtained cut over a thousand dollars from my monthly mortgage payment! I can keep my house!" Sincerely yours, Robert N.
CONTACT CULIK LAW | (800) 962 9570
