CFPB Proposes New Standards for Mortgage Loan Originators
May 31, 2012
In addition to new rules regarding mortgage fees and points, the Consumer Financial Protection Bureau (CFPB) has also proposed new standards for mortgage loan originators. The proposal specifically add...
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Pubic Comments Reveal Broad Opposition to Mortgage Servicer Compensation Changes
May 31, 2012
The mortgage industry is united in their disapproval of mortgage servicing compensation changes, according to the public comments received by the Federal Housing Finance Agency. As we have previously d...
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California Businesses: New Laws Aim to Prevent Fraud
Feb 18, 2012
California business ownersshould be aware that the state recently enacted new laws intended to prevent fraudulent solicitations.
The laws, which became effective January 1, 2012, prevent people from se...
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CA Suing Northern Trust to Recoup Investment Losses
Feb 16, 2012
The state of California has filed a business lawsuitagainst Northern Trust Corp. that claims the asset manager invested the assets of the L.A. City Employees Retirement System in unsuitable, highly ris...
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Dubai Version of The Apprentice Leads to California Breach of Contract Lawsuit
Jan 21, 2012
While seasons of The Apprentice are always contentious, they had never resulted in a lawsuit until now. A recently-filed California breach of contract lawsuitinvolves two contestants from the Dubai ver...
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New for 2012: California Landlords Can Now Ban Smoking in Residential Apartments
Jan 17, 2012
California landlords may want to consider updating their residential leases in the New Year. As of January 1, 2012, leases may now prohibit smoking not only inside rental housing, but from the surround...
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California Real Estate Litigation: Judge Rules That Transfer Fees to Original Developer Are Not Enfo
Dec 25, 2011
The Los Angeles County Superior Court recently ruled that the monthly fee paid to a developer by owners of the Marina Pacifica Homeowners Association constituted a transfer feein violation of Californi...
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Update: Gundlach and TWC Continue to Spar in Court
Nov 19, 2011
The California legal battlebetween Trust Company of the West (TCW) and Jeffrey Gundlach resumed last week with the parties sparing on the issue of damages. It was the first time the two sides had faced...
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California Ponzi Scheme: Man Ordered to Pay $6.8 Million Fine
Nov 05, 2011
Scott Bottolfson and Spirit Investments, Inc., both of Encinitas, Calif., and Increase Investments, Inc. of Reno, Nev., have been ordered to pay a civil monetary penalty of $6,813,462.51 for their role...
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