Page 1 Page 2 Page 3 Page 4 Page 5 Page 6 Page 7 Page 8 Page 9 Page 10 Page 11 Page 12 Page 13 Page 14 Page 15 Page 16 Page 17 Page 18 Page 19 Page 20 Page 21 Page 22 Page 23 Page 24 Page 25 Page 26 Page 27 Page 28 Page 29 Page 30 Page 31 Page 326 Mortgage Servicing & Origination During 2015, Goodwin reported on several key trends in mortgage lending and servicing, including actions by federal and state agencies that resulted in settlements with large financial institutions across the country, statutory and regulatory changes to laws governing mortgage lending, and courts’ evolving interpretations of key mortgage lending statutes such as the Truth in Lending Act (TILA). Throughout the year, Goodwin tracked 68 federal and state enforcement actions related to mortgage servicing and origination. These matters involved mortgage insurance, discriminatory lending, mortgage modification and foreclosure relief services, and deceptive advertising. The CFPB and DOJ were the most active federal agencies, initiating roughly a quarter of the enforcement actions. State attorneys general combined to initiate another quarter of all mortgage-related actions. Enforcement agencies predicated actions on variety of statutes, including the False Claims Act (FCA), the Federal Trade Commission Act (FTCA), the Consumer Financial Protection Act (CFPA), RESPA, and state consumer protection and lending statutes. Enforcement agencies secured civil money penalties and consumer relief in individual actions ranging from $5,000 to over $210 million.