Johnstone Carroll, LLC
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F. Inge Johnstone
Pursuing Justice for the Injured

October 2016 Archives

Recent Court Ruling May Spell Bad News for RESPA

A U.S. Court of Appeals for the D.C. Circuit issued a ruling recently that is sending shock waves throughout the real estate lending industry. The legal issue arose when the Consumer Financial Protection Bureau (CFPB) fined PHH $109 million for violations against the Real Estate Settlement Procedures Act (RESPA). This law demands transparency in the real estate loan settlement process. This serves to inform and protect the consumer. But equally important, is the part RESPA plays against kickback schemes in the real estate investment market.

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Homewood, AL 35209
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