Yes.
Yes! Home loans of all types require full disclosure under Real Estate Settlement Procedures Act, (known as "RESPA"). This includes Home Equity Loans. (See related link below for more information.)
Lender is supposed to provide confirmation that they received QWR within 20 days, as required under 12 U.S.C. §2605(e). Thereafter, they have 60 days of their receipt of QWR to respond to you, also as required under 12 U.S.C. §2605(e)
If it for your own information you can simply call your broker/banker and ask him for a copy. RESPA requires that you as a borrower have a right to receive a copy of your appraisal. However, be advised that even though you paid for your appraisal, it is not YOUR appraisal. It is the property of whatever Banker/Broker ordered the appraisal. You can not reuse an appraisal for the purpose of refinancing unless the new mortgage company has the appraisal assigned to them. This requires the original broker to release their interest in the appraisal and sign it over to the new company. Its probably best just to get a new appraisal depending on the age of the pre exsisting appraisal. There may be new comparable sales to your benefit or detriment.
"Mortgagee" is used many times in securitized loan fraud. Compel SPS to give you a copy of any forced placed insurance (FPI) policy so, you can check to see if they name themselves mortgagee/beneficiary to the policy. Take them thru the BBB if they do not comply. Send your demand by certified mail with return receipt. Then, go to your county land records (Usually at the courthouse) to see if there is an assignment of mortgage or assignment of deed of trust...terms vary by state. Some counties have these online. Do a search. If there is no assignment of mortgage go watch attoreny Neil Garfield's youtube video's on the assignment and assumption agreement. Also, file with your state insurance board/commission for insurance fraud. Garfield will explain why an assignment is important to FPI! Even if you have an assignment, there may be document fraud in the creation of the assignment. Look for Richmond Monroe Group or LPS as the preparer of the assignment! Look for a robo signer as attorney in fact and notary working for servicer, etc. Many online sites showing robo signer lists! If you look on the forced placed insurance policy, check to see if the SERVICER lists themselves as the mortgagee/benficiary! How can they be beneficiary/mortgagee? They are not the loan note owner! If your loan is securitized (ask SPS by letter) chances are there may not be a loan note owner anymore due to the Wall St. fraud creating this scheme. Many loans got paid off by TARP, insurance, etc. Demand SPS give you contact info. with your loan note owner and holder under RESPA and Fair Debt Collection Practices laws. Look up RESPA form letter or QWR and send it to them asking they validate debt. SPS is not youe loan note owner or holder. They were the 1st servicer of records sued by the US/FTC when they were named Fairbanks Capital! Go to the FTC site to see their past history which they continue today! GET AN ATTORNEY SKILLED IN SECURITIZATION AND REAL ESTATE FRAUD. Go to Max Gardener's site for a lsit of Attorney's or Neil Garfield's atty list on his Living Lies blog site. Face book has a chat site called Homeowners Against Mortgage Servicing Fraud where they post news, links and try to educate on this. Also, MSFRAUD dot org has good info. for you to look up!
Tova Escape from Respa - 2011 was released on: USA: 3 September 2011 (video premiere)
Yes.
Federal Real Estate Settlement Procedures Act (RESPA) was enacted in 1974. The purpose of RESPA and Regulation X are to: *help consumers become better shoppers for settlement closing services. *eliminate kickbacks and referral fees that unnecessarily increase costs of certain settlement services.
No. It doesn't apply to commercial loans.
http://www.hud.gov/offices/hsg/sfh/res/respamor.cfm This is Housing and Urban Development's website, the agency that is resposnisble for enforcing RESPA. It is very user friendly and breaks the Act down into plain english. You should be able to find answers to your questions here, or contact a local real estate or RESPA attorney.
Are you referring to a loan servicing transfer? That is regulated by RESPA, the Real Estate Settlement Procedures Act. The notification period is 15 days prior to the servicing transfer, according to RESPA. Please see the link below.
A LOT has changed regarding RESPA! A LOT of the changes are very confusing! the best resources for information related to current info on RESPA can be found at the links below. Both are links to federal government websites. If you have specific questions, just ask!
No, lenders are not permitted to pay referral fees to real estate brokers. It would be a violation of RESPA.
Yes! Home loans of all types require full disclosure under Real Estate Settlement Procedures Act, (known as "RESPA"). This includes Home Equity Loans. (See related link below for more information.)
Lender is supposed to provide confirmation that they received QWR within 20 days, as required under 12 U.S.C. §2605(e). Thereafter, they have 60 days of their receipt of QWR to respond to you, also as required under 12 U.S.C. §2605(e)
i am a mortgage broker, i do not believe an illegal alien can obtain a mortgage at all. That is one of the questions on the "respa" documents in all mortgage applications. You are not a good risk for a bank; at any time you can be deported. * For the person to obtain a reverse mortage they would need to be a homeowner with equity. Therefore, it would seem logical that they should speak with their current mortgage lender.
The Temple of Artemis at Ephesus was destroyed on July 21, 356 BC in an act of arson committed by Herostratus. According to the story, his motivation was fame at any cost, thus the term herostratic fame."Respa, Veduc and Thuruar, leaders of the Goths, took ship and sailed across the strait of the Hellespont to Asia. There they laid waste many populous cities and set fire to the renowned temple of Diana at Ephesus," reported Jordanes in Getica.And probably once more, of which time we don't know.