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Truth in Lending Act

Lawsuit Filed Against loanDepot

Lawsuit Filed Against loanDepot.com Alleges TILA Violations

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Class Action Lawsuit Filed Against loanDepot.com Alleges Loan Originator Compensation Rule Violations And TILA Violations A complaint was filed against loanDepot.Com, LLC (“loanDepot”) in the U.S. District Court for the District of Maryland. The lawsuit was filed in July. However, it received no media attention. Plaintiffs allege in the lawsuit that the company violated the […]

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Lawsuit Filed Against loanDepot.com Alleges TILA Violations Read Post »

Novad Management

CFPB Bans Novad From Reverse Mortgage Servicing

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CFPB Has Banned Novad Consulting From Servicing Reverse Mortgages For Failing To Properly Communicate With Mortgage Borrowers The CFPB has banned Novad Consulting from servicing reverse mortgages. HUD and CFPB had first ordered the company to stop illegal activities that harmed older homeowners. The CFPB found that NOVAD Management Consulting had inadequate resources and staffing

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CFPB Bans Novad From Reverse Mortgage Servicing Read Post »

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