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[+] Fannie Mae to phase out use of its retained attorney network - CHARLENE  PERRY/MD (2 replies)
10/18/2011 10:58:36 PM (4318 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 (4310 views)

[+] Stewart Title bulletin re compliance with Massachusetts REBA v NREIS decision - Leigh Attridge/MA (2 replies)
10/18/2011 1:30:51 PM (5185 views)

[+] RESPA violation? - Louise Jackson/SC (8 replies)
10/17/2011 9:33:11 AM (2780 views)

[+] In Private Wall Street Bankers Dismiss Protestors as Unsophisticated - Leigh Attridge/MA (16 replies)
10/15/2011 8:25:40 AM (4372 views)


Real Title Services


[+] This Is Why they hate you & want you to die - Leigh Attridge/MA (13 replies)
10/13/2011 8:21:31 PM (5011 views)

[+] The OWLS gain a following - Kevin Ahern/CT (28 replies)
10/13/2011 3:05:00 PM (4575 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 (2877 views)
Tough Decisions Ahead - Wyatt Bell/FL
10/12/2011 9:34:28 PM (3177 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 (5945 views)
A Can of Worms - Wyatt Bell/FL
10/13/2011 2:13:46 PM (3120 views)

The Way Forward: Going in Circles - Leigh Attridge/MA
10/12/2011 2:18:08 PM (3657 views)

[+] Helping out a fellow abstractor - Rebecca Cowart/MS (2 replies)
10/12/2011 6:46:33 AM (3028 views)

[+] Mis-using RESPA SECTION 9 ? - edward hartung/OH (7 replies)
10/10/2011 2:15:03 PM (3175 views)

[+] Boston National in NC Bad Pay - Deborah Jackson/GA (5 replies)
10/10/2011 11:37:52 AM (3155 views)

[+] Question for VMs and Title Agents - Scott Perry/PA (9 replies)
10/10/2011 10:49:01 AM (3162 views)

[+] Robosigning 2 Mortgage Foreclosure File Reviewers - Leigh Attridge/MA (1 reply)
10/10/2011 9:20:36 AM (4595 views)

When the Uprooted Put Down Roots - Leigh Attridge/MA
10/10/2011 9:11:29 AM (4138 views)


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