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Loan Modification
: Mortgage Lender Implode-o-MeterHUD Looking Into Warehouse Lending for RESPA Compliance
By Implode-Explode Heavy Industries
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"The Department of Housing and Urban Development may issue new guidance under the Real Estate Settlement Procedures Act (RESPA) to address possible changes in warehouse lending used to fund federally insured mortgages."Full post as published by Mortgage Lender Implode-o-Meter on November 21, 2010 (boomark / email).
Lawsuits and Settlements
Lenders Fined
Ryland Group Inc. settles $370,000 questionable lending suit.
Chevy Chase Bank
lawsuit claims the bank is in violation of the Truth in Lending Act
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