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[+] Real T Solutions - trish kerns/PA (12 replies)
10/19/2011 10:03:01 AM (3165 views)

[+] Fannie Mae to phase out use of its retained attorney network - CHARLENE  PERRY/MD (2 replies)
10/18/2011 10:58:36 PM (4327 views)

[+] Mass Court rules on Bevilacqua - & it's ugly for good faith purchasers - Leigh Attridge/MA (2 replies)
10/18/2011 7:46:52 PM (4317 views)

[+] Stewart Title bulletin re compliance with Massachusetts REBA v NREIS decision - Leigh Attridge/MA (2 replies)
10/18/2011 1:30:51 PM (5195 views)

[+] RESPA violation? - Louise Jackson/SC (8 replies)
10/17/2011 9:33:11 AM (2784 views)


Real Title Services


[+] In Private Wall Street Bankers Dismiss Protestors as Unsophisticated - Leigh Attridge/MA (16 replies)
10/15/2011 8:25:40 AM (4379 views)

[+] This Is Why they hate you & want you to die - Leigh Attridge/MA (13 replies)
10/13/2011 8:21:31 PM (5017 views)

[+] The OWLS gain a following - Kevin Ahern/CT (28 replies)
10/13/2011 3:05:00 PM (4582 views)

[-] Comment on "Supreme Court to Hear Another RESPA Section 8 Case" - Source of Title/OH (3 replies)
10/12/2011 9:34:28 PM (2884 views)
Tough Decisions Ahead - Wyatt Bell/FL
10/12/2011 9:34:28 PM (3205 views)

These are very interesting issues and certainly we'll gain fairly good direction when the Supreme Court issues its opinions.

It would seem to me the issue in Edwards regarding whether a claim may exist absent an overcharge falls along the lines of running a stop sign. Go ahead and do it as long as no damages occur.

The whole idea behind the referral prohibition was the larger issue that free market forces dwindle.

Regarding fees under Cohen/Freeman this gets tougher. From the cites in the pleadings an "overcharge" is not covered by 8(b). But it seems to point to the necessity that a part of the fee be given to an entity not performing any service for that fee. It's not clear to me that Quicken Loans had any other income other than the "loan discount fee". They probably should have given it another name!!

One firm charges more because they're hosting upscale offices whereas another decides to work out of the house!  It would almost have to apply to splitting fees because the determination of charges by any individual as nominal or worthless would be monumentally difficult to ascertain. Even when splitting with someone it's going to be tough. And this borders on the unintended consequences of price controls.

There's also good argument that a "loan discount fee" is not a "settlement service fee".

Could this possibly play out with "attorney(s) fees"? Either individually or where two attorney(s) agree to split fees?

 

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Re: Tough Decisions Ahead - Slade Smith/OH
10/13/2011 12:22:20 PM (5968 views)
A Can of Worms - Wyatt Bell/FL
10/13/2011 2:13:46 PM (3144 views)

The Way Forward: Going in Circles - Leigh Attridge/MA
10/12/2011 2:18:08 PM (3661 views)

[+] Helping out a fellow abstractor - Rebecca Cowart/MS (2 replies)
10/12/2011 6:46:33 AM (3036 views)

[+] Mis-using RESPA SECTION 9 ? - edward hartung/OH (7 replies)
10/10/2011 2:15:03 PM (3183 views)

[+] Boston National in NC Bad Pay - Deborah Jackson/GA (5 replies)
10/10/2011 11:37:52 AM (3158 views)

[+] Question for VMs and Title Agents - Scott Perry/PA (9 replies)
10/10/2011 10:49:01 AM (3171 views)

[+] Robosigning 2 Mortgage Foreclosure File Reviewers - Leigh Attridge/MA (1 reply)
10/10/2011 9:20:36 AM (4600 views)


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