Industry News
Industry News
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The Ninth U.S. Circuit Court of Appeals reversed a prior ruling made in 2021 that dismissed the class action, thereby reinstating the litigation that claims the media giant's advertising platform allowed for redlining practices.
June 28 -
The proposed legislation from Tennessee Republican John Rose calls for limiting the sale of consumer information to mortgage lenders, but includes stipulations for those with existing relationships.
June 28 -
The lender claims its rival enticed workers with all-expenses paid recruiting trips, while another employee alleged a $125,000 signing bonus for workers who switched firms.
June 27 -
The first and fourth-largest home insurers in the Golden State won't issue new policies because of rising construction costs and exposure to catastrophes.
June 26 -
In the past few years, plaintiffs have lodged over 65 complaints against real estate companies regarding unsolicited text messages and phone calls.
June 23 -
A former employee of The Change Company, which is the largest non-traditional mortgage lender in the U.S., claims in a new lawsuit that the firm mischaracterized the race, ethnicity and income of its borrowers. The company says the allegations, which relate to the representations it makes to be certified as a community development financial institution, are meritless.
June 23 -
The government-sponsored enterprise has shared $25.2 billion of insurance coverage through its Credit Insurance Risk Transfer program.
June 22 -
Also, Fannie Mae finds new board member, U.S. Mortgage Insurers ups legal, government relations teams, PRMG names general counsel and Down Payment Resource expands.
June 21 -
Prospective borrowers are flocking to newly built properties as current homeowners shy away from listings due to high mortgage rates.
June 20 -
Smith joined the bank in January after serving as president of Keller Home Financial Services and heading Citi's U.S. mortgage business.
June 20 -
Carrington Mortgage Services and its vendor also face three new federal lawsuits, which claim the number of customers impacted in their incidents exceeds 3 million clients.
June 16 -
The largest nonbank servicer did not offer appropriate assistance to more than 80% of borrowers with delinquent government loans after their COVID-19 forbearance ended, HUD's Office of the Inspector General claims.
June 16 -
Approximately 32% of those surveyed by Everee said they plan to leave the business in the next 12 months, with another 17% saying they didn't know if they would stay.
June 16 -
The Ohio-based giant is barred from accessing documents allegedly stolen when employees hopped from one firm to the other.
June 16 -
The legal proceedings, which began in 2012, claim that Quicken Loans, now Rocket, inflated the appraisal value of 2,769 properties refinanced from 2004 to 2009 in West Virginia.
June 15 -
Homebuilders are among plaintiffs seeking a halt to the Federal Emergency Management Agency's overhaul.
June 13 -
The lender has cut over 80% of its workforce since late 2021 and posted an $889 million net loss in 2022, it revealed in a financial filing.
June 12 -
A West Virginia homeowner is suing the banking giant for charges incurred when paying by phone, claiming breach of contract and violation of consumer protection laws.
June 9 -
Residents in the five cities with the lowest scores have an average median credit score of 499.8 in 2022, according to WalletHub.
June 9 -
The top five lenders wrote a combined total of more than $34 billion in home loans during the quarter.
June 8



















