Courts likely to apply same discrimination theories in HUD, CFPB cases

OCC: Number of loans in foreclosure reaches a three-year low reached low and moderate-income households without.. distribute business model,” where it originated loans for sale to the. loans feature thirty year amortization schedules, they are known as 2/28 or 3/27 loans. subprime defaults, and regulators like the OCC have begun to pay more attention, many.Shadow inventory declines by 1.2 million in 2012 Foreclosures Growing in Suburbs and Secondary, says RealtyTrac Industry witnesses shift to non-bank servicers The Shift to the Service Economy: Causes and Effects I. Introduction The more developed an economy is, the higher the share of the service. Like this, the shift to services is unmistakable in various aspects of the economy. Moreover, in Korea, the importance of the service sector and of its.Why You Really Can't Buy Homes Listed As Pre-Foreclosures on. – Pre-foreclosures don’t always come onto the market. Not everyone wants to sell. Instead, homeowners might work out a deal with their bank or they might file for bankruptcy. online real estate databases such as Zillow and Trulia integrate foreclosure and pre-foreclosure information onto their websites from a company called RealtyTrac. RealtyTracBut it is down from a peak of 4.25 million in February 2010. And unless mortgage delinquencies begin to accelerate sharply, the shadow inventory won’t be growing.

The Justice Department recently announced that the owner and manager of rental properties in New York will be obligated to pay $850,000 in damages and civil penalties to resolve two fair housing lawsuits alleging that he sexually harassed numerous female applicants and residents for nearly three.

The CFPB’s loss suggests that parties willing to litigate against the CFPB may achieve success even if they lose on the merits, as courts appear reluctant to award the robust remedies the CFPB typically demands, particularly in cases where the CFPB’s claims do not sound in fraud or are based on novel legal theories.

On March 6, Goldman Sachs. 3Q will be a solid quarter for AZO, as weather likely continue to benefit failure-related hard part categories, as it did for AAP and orly. aap reported 1Q EPS that beat. Analysts have big expectations for Alphabet’s earnings report on Monday after the bell..

Proposed overtime exemption change hurts mortgage loan originators Economic strength hinges on China The country continues to question the health of China’s economy, along with whether the Federal Reserve will raise interest rates next month.. Economic strength hinges on China All eyes now on.Demand for mortgage. changes are pushing for this; I think FHA likes to let Fannie and Freddie drive the market with their products and act as a supporting role to that drive, but rising to the.

The CFPB referred to a 2015 Supreme Court decision in Texas Dept. of Housing and Community Affairs v. Inclusive Communities Project, as its reason for re-examining disparate impact. The decision said that disparate impact claims, under which a lender can be cited for unintentional discrimination, require that a plaintiff prove a defendant’s policies caused the alleged disparity.

A federal district court in Kentucky recently ruled against the CFPB in a long-standing case under the Real Estate Settlement Procedures Act (RESPA) involving a Louisville, Kentucky law firm borders & Borders, PLC (Borders).

However observers think that a ruling limiting the use of disparate impact on housing finance could only entice companies to challenge the CFPB and other regulators on using the same theory under ECOA. "It’s likely the CFPB would say it’s a different statute and will continue to pursue disparate impact-theories of liability until there.

The White House budget office advised lawmakers not to push forward with a bill that would reduce funding levels for the Consumer Financial Protection Bureau and terminate the Home Affordable.

Mortgage applications shoot up 14.8% After some homes were damaged by floods, owners would fix them up, make cosmetic changes and put the houses. She received a FEMA grant to demolish it, but she still had a mortgage and the bank.

In which of the following types of cases does a plaintiff attempt to prove that while an employer’s policy or practice appears to apply to everyone equally, its actual effect is that it disproportionately limits employment opportunities for a protected class?

RealtyTrac: Buying a home is unaffordable in 18% of counties IRVINE, CA, Sep 04, 2014 (Marketwired via COMTEX) — RealtyTrac. (18 percent) and Wyoming (19 percent). Debt or no debt, some markets are unaffordable There were 12 counties of the 494 analyzed.