FDIC RESPA Section 8 Settlement Acknowledges Legitimacy of Marketing Arrangements

HomeStreet Bank recently agreed to the issuance of an order to settle an allegation by the FDIC that the bank's discontinued Home Loan Center-based mortgage business line violated the Real Estate Settlement Procedures Act (RESPA) "by entering into co-marketing agreements using online platforms and desk rental agreements that resulted in the payment of fees to... Continue Reading…...(read more)

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