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The mortgage lender lost its license two weeks after Connecticut also axed its ability to originate loans, following an investigation that questioned the company's financial wherewithal.
October 30
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RoundPoint Mortgage Servicing says in its motion to dismiss that the borrower was required to try to resolve the dispute prior to filing a legal complaint.
October 29
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A California branch manager claims Movement Mortgage compensated her less than her male counterparts and mislabeled her employment status.
October 28
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The Florida-based brokerage The Okavage Group is challenging the dismissal of its antitrust suit against UWM, filing an appeal on Oct. 17 in the U.S. Court of Appeals for the Eleventh Circuit.
October 25
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The agency filed an appeal to a ruling in August, which decimated its noncompete ban, set to go into effect in September.
October 24
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The suit claims Fairway Independent Mortgage did not pay its loan officers overtime and failed to reimburse them for work-related expenses.
October 24
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A federal appeals court this year reversed Townstone Financial's earlier victory, ruling the regulator had authority to apply a lending law to prospective applicants.
October 24
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Consumer Financial Protection Bureau Director Rohit Chopra said opposition to the bureau's recently finalized open banking rule should be viewed as banks and other large firms attempting to quash competition and stymie consumer data protection.
October 23
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The bank had asked for partial summary judgment on an Administrative Procedures Act claim in the case involving its right to some reverse-mortgage collateral.
October 22
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According to the litigation, a homeowner's Denver property was valued 25% less because of her race.
October 22
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The complaint focused on 41 employees which allegedly accounted for $260 million in annual production volume.
October 21
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The nation's highest court has no deadline to address the petition and can reject it without an explanation.
October 21
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Rohit Chopra, the director of the Consumer Financial Protection Bureau, said his tenure at the agency could be characterized as simply reading statutes rather than finding novel ways to enforce regulations.
October 16
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Updates to the Telephone Consumer Protection Act aimed at simplifying customers' ability to opt out of robocalls and robotexts will take effect on April 11, 2025.
October 16
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The Consumer Financial Protection Bureau and Department of Justice issued a consent order against Wisconsin-based nonbank mortgage originator Fairway Independent Mortgage over redlining allegations. Fairway is the country's fifth-largest mortgage originator by volume.
October 15
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The settlement pending a judge's approval would end the lawsuit over a hack last December.
October 15
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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 -
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
