Topic : RESPA Updates
Michigan Mortgage Company Fined $675,000
by Sharon Hassler, President, Go Get Experts
More tips on RESPA law, guidelines and violations for real estate agents and loan originators from former HUD investigator and RESPA expert, Dr. Gary Lacefield.
This week Dr. Lacefield addresses undisclosed revenue sharing arrangements and other violations by Michigan-based Hantz Financial Services, Inc. The company was fined $675,000 for fraud and misrepresentations. John Hantz, the […]
Fidelity Pays Fine and Refunds to Customers in Florida
by Sharon Hassler, President, Go Get Experts
More tips on RESPA law, guidelines and violations for real estate agents and loan originators from former HUD investigator and RESPA expert, Dr. Gary Lacefield.
This week’s video covers the refund of $2.2 million by Fidelity National Title Insurance Company to 10,000 customers in Florida. The refund program was the result of the Department of […]
High Room Rental Rates Seen as Kickback Violation by HUD
by Sharon Hassler, President, Go Get Experts
More tips on RESPA law, guidelines and violations for real estate agents and loan originators from former HUD investigator and RESPA expert, Dr. Gary Lacefield.
This week’s video deals with more details on overcharging for Detroit conference rooms. The leads to a HUD investigation and $150,000 in settlements.
View the RESPANewsUpdate.com video here. This educational video […]
Kickbacks for Detroit Conference Rooms
by Sharon Hassler, President, Go Get Experts
More tips on RESPA law, guidelines and violations for real estate agents and loan originators from former HUD investigator and RESPA expert, Dr. Gary Lacefield.
This week Dr. Lacefield addresses a kickback case involving conference room rentals in the Detroit area. When another free conference room is only three blocks away, it’s no wonder HUD […]
New England Crackdown for Entertainment
by Sharon Hassler, President, Go Get Experts
More tips on RESPA law, guidelines and violations for real estate agents and loan originators from former HUD investigator and RESPA expert, Dr. Gary Lacefield.
This week’s video deals with a mortgage company that solicited tickets to sports events and music concerts as well as dinners in exchange for referring business. 1-800-East-West Mortgage Company settled […]
“Title Group Builders” Nailed with HUD Fine
by Sharon Hassler, President, Go Get Experts
More tips on RESPA law, guidelines and violations for real estate agents and loan originators from former HUD investigator and RESPA expert, Dr. Gary Lacefield.
This week’s video deals with a $226,000 fine for “Title Group Builders” in Tennessee. HUD determined that First American Title paid the nine builders that make up Title Group Builders […]
Prudential Fined $48,000 for RESPA Violation
by Sharon Hassler, President, Go Get Experts
More tips on RESPA law, guidelines and violations for real estate agents and loan originators from former HUD investigator and RESPA expert, Dr. Gary Lacefield.
This week’s video addresses a party thrown by Wells Fargo for Prudential real estate agents in Hawaii. How could a clambake go so wrong and cost Prudential $48,000? Watch the […]
Court Decisions Cause RESPA Compliance Confusion
by Sharon Hassler, President, Go Get Experts
More tips on RESPA law, guidelines and violations for real estate agents and loan originators from former HUD investigator and RESPA expert, Dr. Gary Lacefield.
Three U.S. Appeals Court found mark-ups do not violate the fee-splitting prohibitions of RESPA while three other Circuit Courts affirmed the department’s position that markups can violate the fee-splitting prohibitions […]
RESPA Violations Can Mean Big Fines and Jail Time
by Sharon Hassler, President, Go Get Experts
More tips on RESPA law, guidelines and violations for real estate agents and loan originators from former HUD investigator and RESPA expert, Dr. Gary Lacefield.
This week’s video discusses sham operations and fees for no service and the resulting big fines and possible jail time for a former VP of FLEET (now Bank of American) and […]
More Illegal Awards Violate RESPA Guidelines
by Sharon Hassler, President, Go Get Experts
More tips on RESPA law, guidelines and violations for real estate agents and loan originators from former HUD investigator and RESPA expert, Dr. Gary Lacefield.
This week’s video concerns another sports event but this time it concerns a mortgage company holding a drawing for suites in local sports arenas. The problem occurs when only real estate […]