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The Department of Justice filed an amicus brief in a case that also involves the National Association of Realtors and its rules around multiple listing services.
June 24
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The nation's leading brokerages have agreed to rule changes and settlements with consumers totalling over $900 million.
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The appeals court battle is unrelated to the association's settlement regarding buyers' brokers commissions, scheduled for final approval in November.
June 20
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The high court will determine how much deference judges should give to regulators in interpreting laws passed by Congress. The upcoming ruling has especially big implications for the Consumer Financial Protection Bureau, which has drawn the banking industry's ire.
June 18
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A probe by the Chicago Tribune alleges sexual harassment and verbal abuse at the workplace.
June 18
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CCM allegedly discouraged employees from reporting that they worked overtime, a suit claims.
June 18
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The HUD agency contends that the bank's agreements involving certain reverse-mortgage assets call for the closely watched case to be filed there.
June 17
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From updates in mortgage-related court cases, to developments in AI and policy, here are the most-read stories from National Mortgage News over the past week.
June 13 -
Newrez wants all three of OneTrust's claims to be dismissed.
June 13
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The Federal Deposit Insurance Corp. sued 15 lenders on loans brokered through Washington Mutual that were included in securitizations before the bank's 2008 failure.
June 11
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The proposed class action suit claims the fintech lender purposefully pushed customers applying for HELOC loans into higher rates, or misrepresented rates at the beginning.
June 11
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The lenders accused each other of poaching the same Hawaii-based mortgage team from each other in the past two years.
June 11
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The pairing of these rule sets can multiply the layers of compliance to vet when adopting new technology. Here's how experts suggest approaching this challenge.
June 11
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Besides allegations of trade secret theft, HMAC is accusing rival OCMBC and Michael Turturro of stealing the branding around its Jet Mortgage division.
June 5
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The long-troubled lender owes at least $40 million to mortgage industry counterparties and tax collectors, it said.
June 4
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On top of cratering origination figures, the company faces lawsuits from counterparties over nonpayment.
June 4
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Brokers say the credit giant, which charges $66.45 per individual check, hasn't made its product better through its acquisitions.
June 4
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The changes that affect how buyer broker commissions are paid go into effect on Aug. 17, but there's much uncertainty about carrying them out, said Ryan Tomasello of KBW.
June 3
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The Supreme Court decided to rule narrowly in Cantero v. Bank of America, N.A., sending the case back to the Court of Appeals for the Second Circuit with instructions to perform a more nuanced analysis on whether a New York escrow law unfairly discriminates against national banks.
May 30
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The billion-dollar originators are disputing Waterstone Mortgage's alleged raiding of 60 employees two years ago, which led three offices to shutter.
May 29
