55 Emerging Theories of Lender Liability

Late last month, the U.S. Court of Appeals for the Eleventh Circuit held in Regions Bank v. Legal Outsource PA, No. 17-11736, 2019 WL 4051703 (11th Cir. Aug 28, 2019), that a loan guarantor does not qualify as an “applicant” for purposes of asserting claims under the Equal Credit Opportunity Act, 15...

Lenders currently defend against claims filed by (or threatened with future lawsuits by) Residential Funding Company (“RFC”) and its successor-in-interest, the ResCap Liquidating Trust (“ResCap”).

Philip Stein serves as a panelist discussing the CFPB’s escalating oversight of the residential mortgage industry at the American Conference Institute's 22nd National Forum on Residential Mortgage Regulatory Enforcement and Litigation in San Diego, California.