Haydn Richards, Jr. Quoted in Law360 on Litigation and Home Closing Overhaul
Financial Services Litigation and Compliance Attorney, Haydn Richards Jr. was recently quoted in Law360 regarding the new litigation in the wake of the Consumer Financial Protection Bureau’s restructuring of the home closing process. Richards said the new standards change the closing process for a home sale not only for lenders but for all those involved, and on a shorter timeline than before.
"Not only is it impacting all of the origination functions, but you’re also bringing in different third parties like title insurers and real estate brokers," said Richards.
Read the complete article, “Litigation Tops Lenders’ Fears In Home Closing Overhaul”, which first appeared in Law360 on June 10, 2015.