Webinar About MSA News; Fifth Third settles; Caliber Under Investigation; LoanDepot IPO

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Posted To: Pipeline Press

Fifth Third admitted it improperly certified more than 1,400 mortgage loans it knew were defective as eligible for FHA, costing taxpayers millions. It'll cost 53 $85 million big 'uns. And Caliber is not only the subject of rumors ("Is it buying Stonegate?") but instead received a phone call you never want to have: you're under investigation by the New York Attorney General's office. Ballard Spahr spread the word that the CFPB announced that it is considering proposing rules that would prohibit consumer financial services companies from using class action waivers in consumer arbitration clauses . "The CFPB has published an outline of its proposals in preparation for convening a Small Business Review Panel to gather feedback from small industry stakeholders. This is the first step in the process...(read more)

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Source: http://www.mortgagenewsdaily.com/channels/pipelinepress/10092015-loandepot-ipo.aspx

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