OIG’s Audit Recommends to HUD to Ensure that Mortgagees Properly Process Voluntary Terminations of…

On May 22, 2017, the U.S. Department of Housing Urban Development (“HUD”), Office of Inspector General (“OIG”) issued a report of its audit of HUD finding that HUD did not review and therefore was not aware that mortgagees improperly processed voluntary terminations of FHA insurance for single-family loans and did…

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U.S. Supreme Court Holds that Cities Can Bring a Claim Under FHA for Lenders’…

On May 1, 2017, in the case of Bank of America, et al. v. City of Miami, Florida (U.S. Sup. Ct. Nos. 15–1111 and 15-1112), the U.S. Supreme Court held that the city of Miami (“Miami”) is an “aggrieved person” within the meaning of the Fair Housing Act (“FHA”) and…

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CFPB Proposes Clarifying Amendments to the October 2015 HMDA Final Rule

On April 13, 2017, the CFPB proposed amendments to Regulation C, which implements the Home Mortgage Disclosure Act (HMDA). The proposed amendments are aimed at correcting and clarifying certain requirements under final HMDA rule adopted by the CFPB on October 28, 2015 (HMDA Final Rule) and proposes a new reporting…

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District Court’s Opinion Expands Standing and Liability under Section 1692e of the FDCPA

On April 5, 2017, a District Court, in the case of Koval vs. Harris & Harris (2016-CV-8449 – ND IL), held that a legal guardian of a consumer that owes a debt has standing to file a complaint in the guardian’s own name alleging violation of section 1692e of the…

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