Latest Lending - Fiduciary Topics

The Foxdale case flags the importance of self-assessment. It is clearly not a time to use "see no evil" as a defense ploy.

by Mary Beth Guard

RESPA promises to be one of the looming nightmares of the immediate future. Put together with fair lending, RESPA enforcement concepts could severely restrict the mortgage business.

Overview

The most recent fair lending development comes, not from the U.S. Department of Justice ("DOJ") but from a "friendly" regulator, the Board of Governors of the Federal Reserve System ("FRB").