Law and legal issues

The company, now known as Onity, is challenging a previous interpretation of the Fair Debt Collection Practices Act in the Eleventh Circuit Court of Appeals.

The proposed class action lawsuit comes after Anniemac revealed that over 170,000 of its customers may have had their data leaked.

Southern Trust Mortgage claims its former LO, now employed with Movement, stole thousands of confidential files and its customers.

The perpetrators conspired to manipulate the short-sale process following the Great Financial Crisis, allowing them to renovate and flip homes for well above the original selling price and leading to millions in losses for lenders and government insurers.

The unusual nature of a recent lawsuit from the Department of Justice has put a multi-billion-dollar industry in the position of deciding either to violate federal law or run afoul of the DOJ, writes the former Chief Legal Officer of Research In Motion Ltd.

A federal court ruled the plaintiff wants "sweeping reforms the court is powerless to give."

Litigation filed by the company points to a total of $30 million losses that have yet to be covered by its insurance partners, including Berkshire Hathaway.

In October's mortgage roundup, learn more about Fairway's legal battles over redlining and overtime shortcomings, the Federal Housing Finance Agency's updates to rules on appraisals and waiver access and more.

A Pennsylvania federal judge ruled that HUD's handbook allowed, but did not require servicers to offer partial claim workarounds in tandem with funds from HAF.

A complaint accuses Mr. Cooper of using an AI-generated call in contacting customers who gave no consent to be reached out to.

Consumers are meanwhile filing objections to the near $1 billion in settlements from the nation's largest brokerages ahead of a November court approval.

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.

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.

A California branch manager claims Movement Mortgage compensated her less than her male counterparts and mislabeled her employment status.

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.

The agency filed an appeal to a ruling in August, which decimated its noncompete ban, set to go into effect in September.

The suit claims Fairway Independent Mortgage did not pay its loan officers overtime and failed to reimburse them for work-related expenses.

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.

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.

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.