The company's closure comes in a year when it touted successful capital investments but also faced growing legal scrutiny.

Pressing items in the mortgage industry include a behind-the-scenes look at the issues plaguing USAA, a recent lawsuit at Movement Mortgage and more.

The wholesale lender introduced two new products to brokers and a $800 million debt offering to drum up cash.

This is the second short-sale fraud case to make headlines in recent weeks, following the conviction of a New York businessman in November.

Specialized Loan Servicing, now Shellpoint, allegedly failed to send post-bankruptcy consumers monthly statements on dormant second mortgages, the suit claims.

Rocket argues it was unfairly tied to discrimination accusations, arguing the government aimed for "headline-grabbing claims" to bolster its case.

The credit rating agency believes that mortgage rates will decline in the year ahead, helping to spur lending activity.

Both companies have mortgage joint ventures with Rate, while @properties' attorney-driven title unit expands on Compass' existing agent-focused business.

Real estate investment trust United Development Funding IV is facing a Dec. 10 showdown with NexPoint and the $181 million deal could be a lifeline for management.

"Delete CFPB. There are too many duplicative regulatory agencies," Musk wrote in a post on X. 

The trade group agreed to the settlement in March, which included paying $418 million to settle claims.

The company, now known as Onity, is challenging a previous interpretation of the Fair Debt Collection Practices Act in the Eleventh Circuit Court of Appeals.

The proposed class action lawsuit comes after Anniemac revealed that over 170,000 of its customers may have had their data leaked.

Southern Trust Mortgage claims its former LO, now employed with Movement, stole thousands of confidential files and its customers.

The perpetrators conspired to manipulate the short-sale process following the Great Financial Crisis, allowing them to renovate and flip homes for well above the original selling price and leading to millions in losses for lenders and government insurers.

A federal court ruled the plaintiff wants "sweeping reforms the court is powerless to give."

Nonbanks with servicing portfolios saw earnings dip, while expenses for most shot up in anticipation of more origination volume.

The North Carolina-based bank rolled out a multiyear program to provide loans, investments and philanthropic support to communities in the western part of the state.

Vista Point Mortgage and Rockport Mortgage reported attacks on their systems, with over 14,000 customers potentially affected by compromised data.

The companies held out hope that they'd get skeptical regulators to sign off on their $286 million deal before determining that canceling it was in their best interests.