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Realty Executives Suncoast Blog

CFPB loses court battle over RESPA violations

A federal district court in Kentucky handed a victory to a Louisville, Kentucky law firm, Borders & Borders, after a long-standing legal battle with the Consumer Financial Protection Bureau over alleged Real Estate Settlement Procedures Act violations. The noteworthy case will definitely gain some attention in the industry given the recent controversy around RESPA violations. And in this case, the CFPB lost.

First American report shows home affordability increased in May

First American released its latest report showing housing affordability improved in May, but remained down significantly from last year. But First American’s reported increase in unadjusted home prices contradicts other measures of home prices.

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