Herman Thordsen is the principal and senior attorney of the firm which has been in existence since 1972 and his practice includes defense of those accused of mortgage fraud, real estate, foreclosure issues, buy-back demands or loss reimbursements lawsuits requested by mortgage lenders, FDIC, and others. Thordsen's articles cover a range of topics involving laws, cases and regulations as interpreted by state and federal courts, as well as the California Department of Corporations, Nevada Mortgage Lending Division, other state's regulators and the United States Department of Housing and Urban Development including issues on RESPA, TILA, Reg Z, and criminal indictments for mortgage loan fraud. The firm represents those charged with mortgage loan fraud in federal courts.
Recent Stories From this Author
Comp Payment Record Keeping Reminder
December 5, 2013 This rule allows the CFPB examiners an easy way to trace the funds without having to dig through papers.
Lending 1st Settles Class Action for $1.7M
November 22, 2013 The company was sued by a borrower over allegations of not properly disclosing payment option adjustable rate mortgages.
The Fallout From Castle & Cooke
November 14, 2013 Will the Consumer Financial Protection Bureau hold the loan officer liable?
Did MIC Close Because of Dodd-Frank or FTC?
November 8, 2013 The lender paid a $7.5 million fine in July for violating the do not call list regulations and that might have had more to do...
Case Shows Problems With Joint Ventures
October 31, 2013 The suit against Borders & Borders backs the author's opinion regarding these business arrangements.
Singer Jailed for Mortgage Fraud
October 25, 2013 The frontman for the band Lights Over Paris used the money for his musical project and lavish lifestyle.
CFPB FInes Two Lenders for HMDA Violations
October 17, 2013 Mortgage Master and Washington Federal each had data errors in their 2011 reports.
MLO Bonuses and the 3% Rule
October 11, 2013 Contracts need to be updated before Jan. 1 in order to legally pay this compensation.
CFPB Temp Order Could Put You Out of Business
October 3, 2013 The Consumer Financial Protection Bureau has issued an interim final rule with request for comment regarding the issuance of...
CFPB Change in the Rule on Borrower Paid Compensation
September 27, 2013 If the consumer pays a loan originator organization, the organization is allowed to pay a commission to the individual LO who...
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