The lender and servicer is spending $9.3 million on security upgrades in addition to its pending $25 million fund for consumers and their attorneys.

Jason Mitchell, the CEO of The Mitchell Group, called the CFPB's lawsuit against both his company and Rocket Homes "a witch hunt."

JPMorgan Chase, Wells Fargo, Bank of America, U.S. Bank and Citi had more than $1 billion in combined first-mortgage loans as of Sept. 30.

The watchdog accuses Rocket Homes and The Mitchell Group brokerage of initiating a plan to generate origination business for Rocket Mortgage.

Holiday decorations accounted for 43% of all festive display disputes with Homeowners' associations, a report by KeyLeads found.

Rival lenders lodged suits for poaching, Rocket sued HUD over appraisal bias and a top LO was accused of large-scale mortgage fraud.

Stakeholders in the financial services space, including the IRS and HUD, filed objections to Hometown's proposed liquidation plan.

United Wholesale Mortgage's legal battles and the passing of David Stevens top the list of important mortgage news in 2024.

Mortgage loan officers say more positive customer reviews help optimize SEO, thereby pulling in more future borrowers on the lookout for an originator.

Lawmakers asked the company's founder and CEO to provide details ranging from arrangements being made for former customers to his own executive compensation.

Borrowers with new foreclosure filings also grew, but the number of loan modifications decreased, according to the Office of the Comptroller of the Currency.

After a legislative initiative on trigger leads was cut from a defense bill, the bipartisan Homebuyers' Privacy Protection Act passed the Senate and is now heading to the House.

These are just a few of the legal actions that will have implications for mortgage firms going forward.

Independent mortgage banks see value in utilizing AI to solve mundane tasks, but some are reluctant to go all in because of the tough market for originations.

The Texas Department of Savings and Mortgage Lending is requiring loan officers to notify borrowers if their contact information was obtained through trigger leads.

The bank ends the year with a substantially different profile from early 2024, which brought new leadership, a significant reduction to its mortgage operations and a corporate rebrand.

Businesses across several industries have already started budgeting for expected price increases

After Nexpoint refused to vote via its proxies at the UDF IV annual meeting, the existing directors supporting the sale to Ready Capital were declared elected.

Mortgage lenders can now submit loan information through VA's new management system, replacing the need for email submissions.

Workers in the bank's conduct management intake group joined colleagues at 23 Wells Fargo branches in approving a union.