HousingWireHousingWire The Consumer Financial Protection Bureau (CFPB) has settled a case with Florida-based Fay Servicing over illegal conduct in foreclosures. The deal includes a $2 million fine and potential limitations to the CEO’s compensation. A company spokesperson wrote to HousingWire that “Fay continues to strongly disagree with the CFPB’s claims…
Continue reading →HousingWireHousingWire Doing the right thing is easy in theory, but often the hardest in practice. Our family established Baird & Warner more than a century ago with a mission to serve buyers and sellers with transparency and integrity, and we’ve endured many changes in our industry during this time. Sometimes,…
Continue reading →HousingWireHousingWire In conjunction with National Senior Citizens Day on Wednesday, the New York Department of State’s Division of Consumer Protection is circulating a series of tips that aim to help older adults avoid financial scams and exploitation. One way that bad actors may try to take advantage of older Americans…
Continue reading →HousingWireHousingWire Plaintiffs’ attorneys in the Gibson copycat commission lawsuit are seeking $36.8 million, or one-third of the $110.6 million total settlement in the case, according to documents filed on Tuesday. This amount is only for the Gibson suit, which was combined with the Umpa suit in April, as the settlements…
Continue reading →HousingWireHousingWire David Heilman, principal for HomeGrown Financial in Mount Pleasant, South Carolina, didn’t feel like he had to shake up his approach to working with seniors when he became involved in the reverse mortgage industry. Having experience in the health care field prior to entering the mortgage business, it mainly…
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