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The lender has largely denied allegations Connecticut previously lodged that threatened its licensing, but the state has new concerns.
October 10
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The Consumer Financial Protection Bureau has voiced its support for consumers contesting a $25 statement fee on expedited payoff quotes.
October 9
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September's news roundup for the mortgage industry includes the impact of the Federal Reserve's rate cut on mortgage appetites, lenders continuing to launch and settle lawsuits and more.
October 9
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Franklin Credit Management Corp. agreed to pay $300,000 to Massachusetts and not sell its portfolio of state loans to a different servicer.
October 3
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The perpetrator faces up to 150 years in prison, with sentencing scheduled for December.
October 3
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The order by the judge, who had previously dismissed part of the original loan modification-related claims, shortens the legal process for allegations that remain.
October 3
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The Bay Area lender said an unauthorized party was in its servers for over five weeks this spring.
October 3
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A federal judge denied class certification to investors who blame stock losses on misleading statements by executives.
October 3
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Former employees are still seeking back pay from the non-QM lender's abrupt shutdown in July 2022.
October 3
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The president of the National Association of Mortgage Brokers shares her outlook for the trigger lead bill, secondary-market refinancing restrictions and more.
October 2
