Special Report on the CFPB's MSA Guidance: You Can Pay for Referrals As Long As...

FNF UNPLUGGED

English - October 09, 2020 23:00 - 17 minutes - 12 MB - ★★★★★ - 21 ratings
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Our late-breaking edition of FNF Unplugged is ready for download and discourse as the Consumer Finance Protection Bureau scraps the 2015 MSA Memo and issues new guidance. This just in... You can pay for actual, necessary and distinct services provided by a referral source as long as you pay no more than the reasonable value of the services. So, how do you value the services? What does this mean for the relationship between real estate professionals and lenders? Attorney Brian Levy joins FNF's Chuck Cain to break down the FAQ's and discuss how to interpret this guidance.