Lisa J. Aubrey has joined WFG National Title Insurance Company as a senior vice president and state manager for the company’s agency division in New Jersey and Pennsylvania. WFG National Title is a provider of title insurance and real estate settlement services for commercial and residential transactions nationwide.
On February 24, the CFPB announced that a nonbank mortgage lender agreed to pay an $83,000 penalty to resolve violations of RESPA’s Section 8. The lender primarily offers loss-mitigation refinance mortgage loans to distressed borrowers. According to the consent order, after the lender ceased obtaining funding for its loans from two subsidiaries of a hedge fund, the lender continued to split loss-mitigation and origination fees with the subsidiaries on 83 additional loans originated over an eight-month period, even though neither subsidiary provided financing or any other service in any of those transactions
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