TITLE

Suit Against Countrywide Reinstated

PUB. DATE
November 2009
SOURCE
American Banker;11/2/2009, Vol. 174 Issue 198, p8
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article discusses a U.S. federal appeals court decision to reinstate a lawsuit against Countrywide Financial Corp. The lawsuit, originally filed in 2006, was based upon an allegation that Countrywide violated the Real Estate Settlement Procedures Act (RESPA) by using a mortgage reinsurance kickback scheme. Although a trial court dismissed the case in 2008 based upon a ruling of lack of court jurisdiction, the U.S. Court of Appeals for the Third Circuit ruled that the case could go forward.
ACCESSION #
44923230

 

Related Articles

  • Banks Win Tax Deduction Appeal. Wells, Rob // American Banker;5/24/2000, Vol. 165 Issue 100, p24 

    Focuses on the decision by the United States Court of Appeals for the Third Circuit of Philadelphia which allows banks to deduct the full amount of many loan expenses during the year the loan is made. Reversal of a Tax Court decision that could have given the Internal Revenue Service (IRS)...

  • Brokers Will Adapt to Change. Schneider, Howard // Mortgage Banking;Feb2010, Vol. 70 Issue 5, p102 

    The article offers the views of Jim Pair, president of Mortgage Associates Inc. and National Association of Mortgage Brokers (NAMB) regarding the regulatory changes on brokers in the U.S. Pair cites that brokers are getting ready to use the new Good Faith Estimate (GFE) disclosure statement and...

  • New CFPB Mortgage Rule has Mixed Effect on CUs. Passman, Aaron // National Mortgage News;12/2/2013, Vol. 37 Issue 46, p1 

    The article discusses the impact of the United States Federal trade Commission's Bureau of Consumer Protection's regulations on Credit Unions in the U.S. The topics discussed include implementation of the new regulations, relationship between mortgage brokers and mortgage lenders under new...

  • TRID Regs Even Trickier for Wholesalers and Brokers. Sinnock, Bonnie // National Mortgage News;5/11/2015, Vol. 39 Issue 28, p1 

    The article reports on complexities for wholesalers and brokers from the mortgage disclosures based on the U.S. Truth-in Lending Act and US (Real Estate Settlement Procedures Act) TILA-RESPA Integrated Disclosure (TRID) rule to be effective in August 2015. It mentions challenges for brokers in...

  • Supreme Court Punts on Big Case for Banks.  // American Banker Magazine;Aug2012, Vol. 122 Issue 8, p7 

    The article focuses on the release of U.S. Supreme Court's second decision on the First American Financial Corp. vs. Edwards case involving the Real Estate Settlement Procedures Act of 1974. The plaintiff asserted that violation of the law was enough for her lawsuit to go forward. It notes that...

  • TRID Down, HMDA to Go. Kilgore, Austin // National Mortgage News;10/26/2015, Vol. 40 Issue 5, p1 

    The article reports that Real Estate Settlement Procedures Act (TILA-RESPA) Integrated Disclosures (TRID) will be followed by the lenders and vendors than following rule of Home Mortgage Disclosure Act (HMDA). Topics discussed include lenders who expect to close their first mortgages under the...

  • News Items from the MBA Secondary Market Conference. Sinnock, Bonnie; Finkelstein, Brad; Sichelman, Lew // National Mortgage News;5/14/2012, Vol. 36 Issue 33, p1 

    Information about topics discussed at the Mortgage Bankers Association of America's (MBA) National Secondary Market Conference held in New York in May 2012 is presented. Topics include loan application approval, reform of the U.S. Real Estate Settlement Procedures Act, and mortgage risk....

  • Technology, Integration, Interactivity Drive the New Lending Experience.  // American Banker Magazine;Jan2015 Supplement Fintech Forward, p24 

    The article focuses on the importance of lenders in the banking industry in the U.S. It mentions that booking lending business support self-service options focused on loan shopping and application. It mentions that the U.S. Consumer Financial Protection Bureau (CFPB) has developed changes to the...

  • Survey Shows RESPA Remains The No. 1 Concern of Lenders. Garritano, Anthony // Origination News;May2010, Vol. 19 Issue 8, p31 

    The article discusses the survey conducted by Questsoft Corp. which reveals that the changes in Real Estate Settlement Procedures Act (RESPA) remain the biggest concern among lenders in the U.S.

Share

Read the Article

Courtesy of THE LIBRARY OF VIRGINIA

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics