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New RESPA Rules Prohibit Home Warranty Referral Fees to Agents

Dennis Norman

By now most real estate agents and brokers have probably heard about the changes to RESPA (Real Estate Settlement Procedures Act) that went into effect at the beginning of this year.  One thing that has been a frequent topic of conversation among agents is whether or not they will still be able to

Continue reading… New RESPA Rules Prohibit Home Warranty Referral Fees to Agents

Appeals Court Rules Builder Incentive did not violate RESPA

Dennis Norman

The United States Court of Appeals for the Eleventh Circuit recently consdered an appeal by the plaintiffs of a class action lawsuit again D.R. Horton, Inc. and DHI Mortgage, Co brought by John R. Yeatman and Eleanor E. Yeatman on behalf of themselves and all similarly situated individuals. 

The lawsuit stems from the Yeatman’s purchase of

Continue reading… Appeals Court Rules Builder Incentive did not violate RESPA

HUD Publishes New FAQs on new RESPA rules

Dennis Norman

By: Dennis Norman

New RESPA rules go into effect January 1, 2010, following changes to the rules that went into effect the beginning of this year.

Highlights of the new rules include:

Mortgage companies may not require the use of its affiliate for tax service or flood letters
The only fee a loan originator can collect from

Continue reading… HUD Publishes New FAQs on new RESPA rules