respa

Zillow Admits It’s In Hot Water With Regulators Over Lender Advertising

Zillow Admits It’s In Hot Water With Regulators Over Lender Advertising

Real estate listings site Zillow — home of the controversial “Zestimate” — is in the regulatory hot seat over an advertising program for mortgage lenders that may violate federal anti-kickback law. [More]

Cattleprod Loan Servicers To Answer Your Loan Modification Requests

Cattleprod Loan Servicers To Answer Your Loan Modification Requests

If you’re trying to get your mortgage modified or just a question answered but find yourself stymied by your loan servicer’s slow or lack or response, you can write what is termed a qualified written request (QWR) under section 6 of Respa, The Real Estate Settlement Procedures Act. Under federal law, they have to acknowledge the letter within 20 working days and respond in 60. Inside, a template to follow for drafting a QWR…