Law and legal issues

Industry veterans are wary of prospective borrowers who can't pay for agents, and of compensation guidelines clashing with government mortgage lending programs.

The plaintiffs allege that the loan-mod errors in the case are different from the ones in two other proposed class-action lawsuits, which stem from a systems issue.

The broker argues it did not break any agreement because it never signed an amendment to UWM's ultimatum in 2022.

Malicious actors could be utilizing the same software that cybersecurity experts use to test a company's systems for vulnerabilities.

The pending agreement won't significantly impact commissions payments themselves, attorneys for the association said.

A legal action accuses the department of not automatically refunding mortgage insurance premiums when a borrower terminates their FHA-insured mortgage early.

Lee Cove, former divisional vice president at Caliber, is being accused of bringing over 150 employees to Cardinal Financial in 2022.

The attack is one of three major incidents the lender has suffered in the past three years.

Home sellers accuse the corporate giant, which owns HomeServices of America, of making billions of dollars in ill-gotten gains in 2023 alone.

Branch manager David Garofalo is accused of planning a ruse in which he and his colleagues joined AFC for two weeks to download $1,500 worth of credit reports and then left to start their own venture.