Law and legal issues

The leading lenders have hinted at more serious accusations in the lawsuit focusing on the departure of nearly two dozen employees earlier this year.

Judge Sparkle Sooknanan granted the National Fair Housing Alliance a temporary restraining order which requires HUD to resume distribution of enforcement funds.

The company identified opportunities and challenges amid market disruption in the quarter and revealed expansion in some mortgage-related business lines.

A judge ruled the Pennsylvania lender had to commit to its increased fair lending obligations for three more years, as it wouldn't harm the public interest.

The case pitted high-profile senior-tranche investors like PIMCO against junior bondholders the interpretation of contracts that predated later policy changes.

The Department of Justice has filed a notice that it will appeal a D.C. District Court ruling that reinstated two democratic members of the National Credit Union Administration who had been fired by President Trump earlier this year.

Plaintiffs, who are all U.S. citizens of Indian origin, accuse the company of making the fraud accusations to cover up the unlawful termination.

A Wells Fargo customer was surprised to receive a "cryptic notice" and a cashier's check from the firm compensating him for float fees charged more than a decade ago. A lawsuit followed.

The confidential agreement comes two years after a federal jury awarded the subservicer $22.6 million in damages in a case with numerous competing claims.

When customers accepted lower rates, the lender drastically slashed its originators' compensation or cut it altogether, the lawsuit claims.