Law and legal issues

A and N Mortgage claims the value of customer data stolen by ex-employees exceeds $1 million.

Details regarding the settlement are sparse, but will be finalized by Sept. 30, 2024, documents show.

Flagstar Bank sued Hometown Lenders for $21 million in 2023, after the lender defaulted on a $60 million warehouse line.

Ginnie Mae had tried to slow the pace of Texas Capital Bank's case and move it to a different court but the judge rejected its legal arguments for doing so.

The case over a federal investigation is unrelated to the trade group's recent commissions changes.

The plaintiffs' 2nd Circuit filing in the Bank of America escrow preemption case is the first since the Supreme Court sent it back for more analysis.

The lawsuit, which the plaintiff seeks class certification for, involves a transfer, overpayments during a grace period and allegations of improper late fees.

A federal judge in Texas ruled the Federal Trade Commission's noncompete ban violates the Administrative procedures Act and exceeds FTC's statutory authority.

A committee representing unsecured creditors are challenging a number of transfers totaling over $10 million that secured creditor Reverence Capital Partners made from AFI's account.

Four companies are fighting CFPB enforcement actions by claiming the agency cannot be funded by the Federal Reserve, which has not been profitable since 2022. The consumer bureau calls the new legal theory "meritless."

Nexa Mortgage is attempting to move one case to federal court after a state judge ordered it to pay over $13,000 in sanctions.

The financial services regulator believes Mr. Cooper is violating the Fair Debt Collection Practices Act due to its $25 fee for payoff quote statements.

Mr. Cooper's PII leak late last year had a significant impact on its customers. Money has been stolen, unauthorized attempts to open credit cards occurred and extensive spam campaigns have followed, a filing claims.

The lender says it's reached an "agreement in principle" to end a consumer class action complaint over its wide-ranging January hack.

The Swiss bank claims that Countrywide is obligated to indemnify it for legal expenses stemming from risky mortgages bundled pre-2008.

The litigation involved more than 100 loans, many insured by the Federal Housing Administration, with volume totaling approximately $55 million.

A court finalized Zillow and Showingtime.com's voluntary dismissal of the case, which has been part of broader litigation over multiple listing service access.

Last year, a New Jersey federal court sided with LoanCare's countersuit awarding it over $22 million in compensatory damages. Freedom was awarded $247,000 in damages.

The lender denied its software uses artificial intelligence in fighting a 'digital redlining' case.

The lawsuit's conclusion ends fights by the rivals to depose each other's senior leaders.