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[-] Comment on "Supreme Court to Hear Another RESPA Section 8 Case" - Source of Title/OH (3 replies)
10/12/2011 9:34:28 PM (2803 views)
Tough Decisions Ahead - Wyatt Bell/FL
10/12/2011 9:34:28 PM (3041 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 (5827 views)
A Can of Worms - Wyatt Bell/FL
10/13/2011 2:13:46 PM (2990 views)

The Way Forward: Going in Circles - Leigh Attridge/MA
10/12/2011 2:18:08 PM (3594 views)

[+] Helping out a fellow abstractor - Rebecca Cowart/MS (2 replies)
10/12/2011 6:46:33 AM (2965 views)

[+] Mis-using RESPA SECTION 9 ? - edward hartung/OH (7 replies)
10/10/2011 2:15:03 PM (3087 views)

[+] Boston National in NC Bad Pay - Deborah Jackson/GA (5 replies)
10/10/2011 11:37:52 AM (3106 views)


Real Title Services


[+] Question for VMs and Title Agents - Scott Perry/PA (9 replies)
10/10/2011 10:49:01 AM (3069 views)

[+] Robosigning 2 Mortgage Foreclosure File Reviewers - Leigh Attridge/MA (1 reply)
10/10/2011 9:20:36 AM (4518 views)

When the Uprooted Put Down Roots - Leigh Attridge/MA
10/10/2011 9:11:29 AM (4082 views)

Update Your Directory Listing! - Robert Franco/OH
10/7/2011 3:41:48 PM (2252 views)

Squatters' Rights - Leigh Attridge/MA
10/5/2011 4:26:59 PM (4111 views)

[+] Full copies - H/GA (6 replies)
10/4/2011 11:54:56 PM (3413 views)

[+] CONDO and HOA liens; FYI new law - CHARLENE  PERRY/MD (4 replies)
10/4/2011 11:18:26 AM (3225 views)

[+] Abstrax LLC Apologizes - Leigh Attridge/MA (4 replies)
10/3/2011 4:34:36 PM (3662 views)

[+] Comment on "Not Quite Fixed" - Source of Title/OH (3 replies)
10/3/2011 2:26:16 PM (3127 views)

[+] RedVision - Alix Ott/MI (3 replies)
10/3/2011 1:51:22 PM (4558 views)


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