Industry News
Industry News
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The trade group agreed to the settlement in March, which included paying $418 million to settle claims.
November 27 -
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.
November 27 -
The proposed class action lawsuit comes after Anniemac revealed that over 170,000 of its customers may have had their data leaked.
November 27 -
Southern Trust Mortgage claims its former LO, now employed with Movement, stole thousands of confidential files and its customers.
November 26 -
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.
November 25 -
A federal court ruled the plaintiff wants "sweeping reforms the court is powerless to give."
November 22 -
Nonbanks with servicing portfolios saw earnings dip, while expenses for most shot up in anticipation of more origination volume.
November 22 -
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.
November 21 -
Vista Point Mortgage and Rockport Mortgage reported attacks on their systems, with over 14,000 customers potentially affected by compromised data.
November 20 -
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.
November 19 -
Litigation filed by the company points to a total of $30 million losses that have yet to be covered by its insurance partners, including Berkshire Hathaway.
November 19 -
Pennymac alums find new home, Dark Matter names CEO, Optimal Blue promotes from within, plus more mortgage industry moves.
November 19 -
As the majority of mortgage firms today report profits, warehouse lenders are likely encouraging the stragglers to make a move.
November 18 -
In October's mortgage roundup, learn more about Fairway's legal battles over redlining and overtime shortcomings, the Federal Housing Finance Agency's updates to rules on appraisals and waiver access and more.
November 18 -
A handful of mortgage stakeholders have expressed skepticism that the trigger lead bill will be passed this year, but are hopeful for 2025.
November 15 -
Rep. Matt Gaetz, R-Fla., whose chances of getting confirmed as attorney general are unclear in the wake of allegations of sex trafficking and a House ethics probe against him, cuts a more populist profile than many expected from a Republican president.
November 14 -
The new president of Movement Mortgage previously held senior positions at Stearns Lending, Caliber Home Loans, Bank of America and Countrywide.
November 14 -
A Pennsylvania federal judge ruled that HUD's handbook allowed, but did not require servicers to offer partial claim workarounds in tandem with funds from HAF.
November 14 -
The study found nonbank lenders charging the highest interest rates and most points, and fintech pricing more in-line with depositories.
November 13 -
The average home buyer spends almost $32,000 in home-buying expenses, a report by Clever Real Estate claims.
November 12


















