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  Former real estate closer sues for overtime pay Wednesday, January 22, 2020 A former real estate closer sued the firm for which she worked for failure to pay overtime pay and violating the Fair Labor Standard Act, seeking overtime pay as well as liquidated damages, fees and costs. The firm moved for summary judgment, arguing that she was except from FLSA’s overtime pay provision. Read on for more details. |
 Bank, conveyees dispute ownership under survivorship deed Wednesday, January 22, 2020 After the conveyor of a survivorship conveyance deed defaulted on a reverse mortgage loan, the mortgagee filed a foreclosure action, naming the borrower and the conveyees under the deed. The conveyees counterclaimed against the mortgagee, arguing that their interests in the property were superior to its interest. Read on to find out what happened when the case reached the Court of Appeals of Washington. |
 Maryland considers refinance mortgage lien priority exception Wednesday, January 22, 2020 The Maryland General Assembly is considering a bill that would establish that the provision authorizing a mortgagor or grantor to refinance the indebtedness secured by a first mortgage or deed of trust without obtaining permission from the holder of a junior lien does not apply to government junior liens. Read on for more details. |
D.C. mayor appoints acting commissioner Wednesday, January 22, 2020 Washington D.C. Mayor Muriel Bowser announced the appointment of an acting commissioner of the city’s Department of Insurance, Securities and Banking. Read on for more about the new appointment.
New leadership named for NAIC committees Wednesday, January 22, 2020 The National Association of Insurance Commissioners (NAIC) has named its 2020 committee chairs and vice chairs. Read on for more details.
Colorado man found guilty of bank fraud Wednesday, January 22, 2020 A Colorado Springs, Colo., man was found guilty following a four-day jury trial for bank fraud related to a mortgage application with the Navy Federal Credit Union. Read on for more details.
 OCC, FDIC issue statement on cybersecurity riskMonday, January 20, 2020 The Federal Deposit Insurance Corp. and the Office of the Comptroller of the Currency issued a joint statement reminding supervised financial institutions of sound cybersecurity risk management principles. They noted that heightened risk from cybersecurity threats may result in cyberattacks against U.S. targets and interests. Read on for more details.
 FHFA seeks input on PACE programMonday, January 20, 2020 The Federal Housing Finance Agency issued a Request for Input regarding potential changes to changes to its policies for its regulated entities based on safety and soundness surrounding residential Property Assessed Clean Energy (PACE) programs. Read on for more details.
Oklahoma considers new CCR requirements Monday, January 20, 2020 The Oklahoma Legislature is considering legislation that would impose time requirements for the provision of copies of recorded covenants and restrictions to buyers. Read on for more details.
Alabama man sentenced for wire fraud Monday, January 20, 2020 A Mobile, Ala., man who was convicted of conspiracy to commit wire fraud affecting a financial institution was sentenced and ordered to pay $1.5 million in restitution to the U.S. Department of Housing and Urban Development and two national banks. Read on for more details.
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