Offit Kurman Regulatory Attorney Daniella Casseres Quoted in National Mortgage News on Recent Justice Department Settlements

Two recent Justice Department settlements, one with a large nonbank mortgage lender and the other with a small one, speak volumes about how much Federal Housing Administration lending has changed. HUD requires that all mortgage lenders conduct quality control and review a sample of FHA loans that become 60 days delinquent in the first six months, based on the number of FHA loans originated each year. Self-reporting deficiencies have not been at the top of most mortgage bankers' "to do" lists. Of the 1,748 active FHA lenders, just 88 self-reported deficiencies in 2013, according to FHA's Lender Insight newsletter. "Lenders have to take the self-reporting requirement more seriously," said Daniella Casseres, an attorney at Offit Kurman.

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Daniella Casseres Daniella Casseres focuses her practice on laws and regulations governing mortgage lenders, mortgage brokers, financial institutions and consumer finance companies. She also works closely with the firm’s affiliate company, Strategic Compliance Partners.  She advises these clients on state and federal compliance laws and regulations including, TILA, RESPA, FHA, SAFE Act, FCRA, GLBA, Privacy Act, and BSA requirements.