We have been getting some flak recently from our secondary markets, about disclosing their names as the recipient of fees. My understanding has been that RESPA requires the ultimate recipient of the fee to be listed. (#4 Massachusetts Bankers Q & A)
Is this a new attempt at a loophole? Anyone else seeing this problem?
Ditto here... until now. So why the sudden change? If they expect us to list our name as the recipient; then I say WE keep the fees. (that'll go over big)