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Veterans United Fails To Knock Out Core RESPA Theory

In an ongoing proposed class action against Veterans United Home Loans and Veterans United Realty, a federal judge has allowed the plaintiffs’ core RESPA theory to move forward, rejecting the lender’s

Veterans United Fails To Knock Out Core RESPA Theory
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National Mortgage Professional reports that a federal judge has declined to shut down the central RESPA claim against Veterans United Home Loans and its affiliated real estate brokerage, Veterans United Realty. The lender had argued that its referral arrangement between the mortgage and real estate entities fell automatically within RESPA's safe harbor protections, but the court rejected that categorical defense and permitted the plaintiffs' core theory to proceed. The case continues as a proposed class action, with the affiliation structure between the two companies remaining under active legal scrutiny.

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Source: National Mortgage Professional, “Veterans United Fails To Knock Out Core RESPA Theory”. Read the original →

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Hans Michel, Mortgage Loan Originator, NMLS #2857209 · LoanTrust is a dba of RentAssure Inc. · Licensed in Georgia · NMLSConsumerAccess.org · Equal Housing Opportunity. Nothing on this site is a commitment to lend — all loans subject to underwriting and approval. DSCR, fix & flip, bridge, new construction, multifamily, and bank-statement programs are business-purpose loans for investment properties only.

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