United Shore Financial Services to Pay Restitution, Penalties (April 14, 2017) – SACRAMENTO – The Department of Business Oversight (DBO) has announced Michigan-based United Shore Financial Services, LLC will pay more than $1.4 million in refunds and penalties to resolve allegations the mortgage lender and servicer overcharged thousands of California borrowers for interest.
Tax reform had an effect on nearly half of homebuyers: Redfin The most common tax-reform effect reported by homebuyers this year was that they lowered their price range because of decreased benefits on high-priced homes (14%, down from 16% last year). Another way tax reform has been affecting the housing market is in the form of migration to places with lower taxes, a trend we’ve noted in reports on Redfin.com user search patterns.
Calif Hits Another Lender for Interest Overcharges For the second time this month, a mortgage lender has agreed to settle allegations by the Golden State of illegal interest charges. The latest settlement also resolves charges of unlicensed servicing.
This bill would prohibit the term of imprisonment for nonpayment of a fine from exceeding one day for each $125 of the base fine or the term for which the defendant may be sentenced. The bill would require the penalties and assessments imposed on the base fine, if an amount of the base fine is not satisfied by jail credits or community service.
HOA Fines – What Can Be Done Legally? Written on November 20, California law requires a form of due process for members who may be fined.. The "fine schedule" must be distributed upon adoption by the Board, and thereafter anytime changes are made, but it seems to me a good idea to.
Read this complete California Code, Financial Code – FIN 1676 on Westlaw FindLaw Codes are provided courtesy of Thomson Reuters Westlaw, the industry-leading online legal research system . For more detailed codes research information, including annotations and citations, please visit Westlaw .
Treasury’s point man on GSE reform stepping down · Treasurys point man on GSE reform stepping down A top aide to Treasury Secretary Steven Mnuchin who led the Trump administration’s push to reform the government-sponsored enterprises is stepping down, according to people familiar with the matter.Black Knight’s earnings up on 7% growth in software revenue The company has reported growth in software licences and product support revenue, although its hardware business saw a fall. The company reported fourth-quarter earnings of $3.2bn (2bn), or 62 cents a share, on revenue of $10.8bn, up 13 percent from a year ago.Lender with ties to Warren Buffett backs a loan for manufactured homes People on the move: aug. 31 Multiple problems color the perception of the origination process Loan origination is the process by which a borrower applies for a new loan, and a lender processes that application. origination generally includes all the steps from taking a loan application up to disbursal of funds (or declining the application). For mortgages, there is a specific mortgage origination process.Identification. It is said that the mainland portion of what is now Tanzania was named by a British civil servant in 1920, from the swahili words tanga (sail) and nyika (bright arid plain). Thus what was known formerly as German East Africa became Tanganyika Territory.
EXCLUSIVE: California regulator hits Texas lender with fine for illegal interest. The Department of Business Oversight alleged that PrimeLending charged its customers interest on mortgage loans which it had not yet funded. Included in the settlement is a total of $319,524 of refunds to hundreds of customers based on the firm’s own audit of 20,474 loan files. PrimeLending will also pay $1.3 million in penalties.
The settlement also requires United Shore to pay $1.1 million in penalties for the interest overcharges already identified, plus another $125 for each additional violation identified by the self-audits.
American Mortgage Consultants buys Meridian Asset Services During the second half of 2018, we also announced the addition of partners Metpro and Polaris to our technical services. our strong asset portfolio and our upside potential is demand fundamentals.Consumers show ability to absorb a single rate hike The S&P 500 closed at a 7-month high on Monday as Federal Reserve Chair Janet Yellen painted a mostly upbeat picture of the economy but gave little sense of when a rate hike may be coming.
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