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Civil Rights Groups Urge Court to Reject CFPB Reversal of Townstone Financial Settlement

Civil Rights Groups Urge Court to Reject CFPB Reversal of Townstone Financial Settlement

by Phil Hall | Apr 7, 2025 | News/Current Events, Real Estate News, WRE News Exclusive

A coalition of civil rights and consumer advocacy groups has filed an amicus brief in federal district court seeking to stop the motion filed by the Consumer Financial Protection Bureau (CFPB) to vacate its $105,000 redlining settlement with the mortgage company...
Florida Insurance Company in Settlement Over Bogus Hurricane Claims

Florida Insurance Company in Settlement Over Bogus Hurricane Claims

by Phil Hall | Apr 3, 2025 | Uncategorized

Florida Attorney General James Uthmeier has secured $4 million in fines from Universal Property & Casualty Insurance Company (UPCIC) to resolve allegations that the company fraudulently submitted numerous ineligible claims for reimbursement from the Florida...
Civil Rights Groups Urge Court to Reject CFPB Reversal of Townstone Financial Settlement

CFPB Seeks to Vacate Redlining Settlement with Townstone Financial

by Phil Hall | Mar 27, 2025 | Mortgage Information, News/Current Events, Real Estate News, WRE News Exclusive

The Consumer Financial Protection Bureau (CFPB) is seeking to vacate its $105,000 settlement of redlining charges against nonbank mortgage lender and broker Townstone Financial Inc. The settlement followed a protracted litigation that began in 2020 under the first...
Minnesota in Settlement with MV Realty Over Dubious ‘Homeowner Benefit Agreements’

Minnesota in Settlement with MV Realty Over Dubious ‘Homeowner Benefit Agreements’

by Phil Hall | Mar 27, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Minnesota Attorney General Keith Ellison announced a settlement to his September 2024 lawsuit against MV Realty that nullifies the so-called “Homeowner Benefit Agreements” (HBAs) in the contracts the company offered homeowners. In the settlement, MV Realty is...

HUD Announces Settlement with PHH Mortgage Corporation Over Improper Fees

by Phil Hall | Jan 14, 2025 | Market Snapshot, News/Current Events, Real Estate News, WRE News Exclusive

The US Department of Housing and Urban Development (HUD) announced a settlement with PHH Mortgage Corporation to resolve allegations that the company violated Federal Housing Administration (FHA) requirements by charging fees to borrowers when the borrower made a...
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