With the broad movement of high profile RESPA cases in both the circuit courts and U.S. Supreme Court this past year, settlement services professionals should be aware of how these cases affect their business practices. In a 60-minute instructional Webinar, two of the nation’s top RESPA attorneys will discuss the most impactful RESPA cases traveling through the courts and the key points crucial to a settlement services business.
Cases include: Edwards v. First American, Freeman v. Quicken Loans and Carter v. Welles-Bowen. Jonathan Cannon, of BuckleySandler LLP and Francis “Trip” Riley of Saul Ewing LLP, will educate industry professionals on the importance of each case, how it impacts title insurance companies and what it means to the settlement agent, and include real takeaways of things title agents need to be doing in their business practices or issues to be aware of to avoid this kind of litigation.
Topics will include:
- Section 8 and the fee split issue;
- Update on affiliated business arrangements; and
- The CFPB’s latest investigative activity and how it correlates to recent court decisions.
Understanding what’s happening on the regulatory front and recent interpretations by the courts can help businesses stay on top of their compliance obligations and is highly important to the success of any settlement services operation.
Join us on Nov. 1 and get the information you need to stay current on these critically important RESPA issues.
Associate, BuckleySandler LLP
Jonathan Cannon is an associate at BuckleySandler LLP in Los Angeles. Jonathan works with financial institutions, financial services companies, mortgage companies, banks, securities broker-dealers, and other financial services providers regarding federal and state regulation. He assists clients in complying with Consumer Financial Protection Bureau (CFPB) examinations and investigations, and he advises clients on fair lending issues. He also advises clients on multi-state licensing, alternative mortgage transactions, and compliance with consumer credit laws and regulations such as RESPA, TILA, FCRA, FDCPA, GLBA, SCRA, ECOA, and HMDA, and on responding to examinations and governmental enforcement actions.
He is the author and co-author of many articles, including “RESPA Closing Cost Disclosures Yesterday, Today, and Tomorrow” (Consumer Financial Services Law Report); “There’s a New Sheriff in Town — 2011 Survey of RESPA Developments,” “2010 Survey of RESPA Developments,” “2008 Survey of RESPA Developments” (The Business Lawyer); “The CFPB and an End to ‘Unwarranted Regulatory Burdens’?” (WestLaw Journal); “Is HUD’s settlement with Prospect Mortgage the end of the series LLC structure for mortgage lenders?” (WestLaw Journal).
Jonathan received a J.D. from the University of Virginia, an M.A. from Middlebury College and a B.A. from Colby College (magna cum laude).
Francis "Trip" Riley
Partner, Saul Ewing LLP
Francis “Trip” Riley concentrates his practice on complex, commercial litigation matters, focusing primarily on business torts and breach of contract in the context of, among other things, commercial and consumer financing and B2B transactions. Trip also leads a team of attorneys that represent and counsel real estate settlement services industry clients, including mortgage lenders and brokers and loan servicers; real estate brokers; and title insurance underwriters and agents in litigation, regulatory and business matters. As part of this practice, Trip counsels on and litigates issues related to RESPA, TILA, HOEPA, Fair Foreclosure Acts, UDAP claims, insurance rate issues, and other statutory and common law consumer complaints, as well as governmental investigations and enforcement.
Trip has litigated numerous other commercial disputes in which his settlement services industry clients have been a party. He provides administrative and regulatory counseling on existing operational issues and proposed product and service programs to settlement services industry clients. He also represents his financial services clients in a wide variety of actions (including class actions) in state and federal court and before arbitration panels, which arise from complex commercial transactions and relationships related to their lending, brokerage and serving activities. He has been involved in a variety of statutory and common law fraud, civil RICO and civil conspiracy actions venued in New York, Maryland and Florida federal courts. He also litigates corporate disputes and claims related to intellectual property.
He received a J.D. from Ohio Northern University, Claude W. Pettit College of Law, and a B.A. from Gettysburg College.