Regulations

Appelate court throws out long-standing sniff test for ‘sham’ joint mortgage and title businesses

10-point standard in use for 17 years found to be unconstitutionally vague
Published on Dec 3, 2013

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by CareyBot

In a major reversal for government efforts to regulate business ventures among real estate brokerage, title insurance and mortgage companies, a federal appellate court has thrown out HUD’s long-standing 10-point test that defines key standards for affiliates under the Real ...