Reverse Mortgage MichiganMichigan Reverse Mortgage
Preston's main practice in disputes is representing private mortgage litigants, which include forward and reverse mortgage financiers, originating mortgage lenders and service providers.
It has negotiated cases that involve a variety of state, statewide and legal remedies, which include remedies under the Fair Credit Reporting Act (FCRA), the Fair Debt Collection Practices Act (FDCPA), the Truth in Lending Act (TILA), the Real Estate Settlement and Procedures Act (RESPA), the Racketeer Influenced and Corrupt Organizations Act (RICO), the Telephone Collection Practices Act (TCPA), breaches of receivership and state breaches of consumers rights.
Preston has helped several customers on the regulatory side to bring their businesses into line with the various commitments placed upon them by the Department of Housing and Urban Development (HUD), the Department of Justice (DOJ), the Office of the Currency Auditor (OCC), the Board of Governors of the Federal Reserve (FRB), the Consumer Financial Protection Bureau (CFPB), and a variety of government regulatory and judicial bodies.
As such, he has led audits, CFPB regulatory audits included, and has acted as in-house lawyer for several finance service firms that assist domestic businesses, manage and respond to information inquiries, provide self-representation to state and Federal auditors, and collaborate with auditors in on-site audits. It also provides regulatory compliancy assistance for security-based mortgage creditors and mortgage questions with discounts, rebates and trust.
Praeston is licenced to practise in Alabama and Texas. Before attending the Faculty of Justice, he worked in auditing and certification for Arthur Anderson, LLP and KPMG, LLP and as a finance consultant for J.P. Morgan. Praeston uses its past experiences as a practising auditor to provide a business-oriented legal solution.