Court Rules Emotional Distress Compensable Under RESPA, FDCPA
August 31, 2009
Citing precedents, a Virginia magistrate judge has ruled that actual damages claims under the Real Estate Settlement Procedures Act and the Federal Debt Collection Practices Act include possible recovery for plaintiffs’ emotional distress. Rejecting Countrywide Home Loan’s partial motion for summary judgment, U.S. Magistrate Judge Dennis Dohnal said that the actual damages provision in both...
Moves by the Trump administration are disrupting the economy and the federal agencies that deal with the housing market. Bob Broeksmit, president and CEO of the MBA, isn’t sure how it’s all going to play out.
The 10-year Treasury rate is declining and the possibility of a recession is growing.
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