Law and legal issues

The perpetrator faces up to 150 years in prison, with sentencing scheduled for December.

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.

The Bay Area lender said an unauthorized party was in its servers for over five weeks this spring.

A federal judge denied class certification to investors who blame stock losses on misleading statements by executives.

Former employees are still seeking back pay from the non-QM lender's abrupt shutdown in July 2022.

The president of the National Association of Mortgage Brokers shares her outlook for the trigger lead bill, secondary-market refinancing restrictions and more.

Longbridge asserts its rival is unfairly funneling business via a number of websites containing fake reviews allegedly run by Mutual of Omaha itself.

America's Moneyline has invoked the findings from the contentious Hunterbrook report in its 'All-In' complaint.

Specialized Loan Servicing allegedly charged borrowers $7.50 for processing mortgage payments made by phone. Most servicers, including Newrez, have axed this fee.

The nation's largest single-family landlord owns over 84,000 homes outright.

Both parties reached an undisclosed agreement to settle all litigation in mid-September.

The state, with the support of its Realtors, will be mandating that real estate salespeople have a contract with the home seekers they are representing.

James B. Nutter & Co., after its legal victory over the Justice Department in July, agreed to a $2.4 million False Claims Act settlement over poorly underwritten reverse mortgages.

While real estate agents have softened their opinions on the National Association of Realtors commission settlement, almost two-thirds remained opposed, a Clever RE survey found.

The Dallas-based nonbank lender has toned down its mortgage servicing rights activity amid numerous legal battles over alleged violations, but stands to gain much with $1.4 billion Flagstar deal.

MV Realty has offered real-estate contracts that call for consumers to trade upfront cash for long-term home sale restrictions, potentially hampering mortgages.

Building on a prior initiative, the Federal Home Loan Bank of Atlanta is making available $5 million in grants to support efforts to assist owners of heirs' property.

The lender argued further against a lawsuit and investigative report accusing it of corruption on a massive scale.

Agencies must now provide clearer justifications for their interpretations, while Congress needs to draft more precise legislation. The decision could empower banks to challenge agency rules more frequently and potentially prolong regulatory processes, with courts giving less deference to agency interpretations.

The defendant is accused of defaulting on several properties, bought alongside partner companies with names like Satan or Lucifer Management Corps.