Monthly Archive:: June 2012

Bringing Clarity to Congress and Transparency to RESPA/TILA

Just a few days ago, I testified before Congress on a committee hearing on RESPA/TILA, to try to resolve that RESPA information sheet that we deal with during every transaction. We want transparency, we want the consumer to understand...
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June 27, 2012

A Great Meeting with the Consumer Financial Protection Bureau

I recently met with folks from the Consumer Financial Protection Bureau including Rich Cordray, who heads up the CFPB. They are forming brand new committee and looking to include REALTORS®. No one can better represent consumers today than REALTORS®!...
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June 27, 2012

Good News: Supreme Court Ruling Favors Real Estate Brokerages

By Steve Brown, First Vice President, National Association of REALTORS® Late last week, the U.S. Supreme Court ruled favorably on a case involving unearned fees under Real Estate Settlement Procedures Act (RESPA).  While the ruling was about mortgage lending,...
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June 1, 2012