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A legal action accuses the department of not automatically refunding mortgage insurance premiums when a borrower terminates their FHA-insured mortgage early.
March 14
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Lee Cove, former divisional vice president at Caliber, is being accused of bringing over 150 employees to Cardinal Financial in 2022.
March 13
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The attack is one of three major incidents the lender has suffered in the past three years.
March 12
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Home sellers accuse the corporate giant, which owns HomeServices of America, of making billions of dollars in ill-gotten gains in 2023 alone.
March 8
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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.
March 7
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Top banking regulators reaffirmed their commitment to bolstering the Community Reinvestment Act despite a court challenge, emphasizing their personal dedication to seeing the rule implemented.
March 5
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The root cause of the hack affecting over 5 million customers was an employee clicking on a link in a work-related search result, according to public case documents.
March 4
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A proposed class action claims the broker company used the photographs and information of LOs not affiliated with the company as a means to drive traffic to its website.
March 4
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A mixed-race couple claims a "whitewashed" valuation in 2023 returned a price 39% higher than the depository-approved result a year earlier.
February 29
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Nearly half of sellers and buyers in a recent LendingTree survey said they didn't know what commission percentage their agent received in their most recent transaction.
February 29
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At issue is whether convenience fees for last-minute payments are governed by the Federal Debt Collection Practice Act, and if so, when they should be disclosed.
February 28
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Some legal experts say the U.S. Supreme Court justices appeared to favor national rules preempting state regulations in the Bank of America in a case regarding mortgage escrow accounts.
February 27
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If negotiations between Newrez and OneTrust Home Loans fall through, the court may then intervene.
February 27
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The mortgage lender is suing James Hecht, now CEO of OneTrust Home Lending, for organizing a ruse in which he fired a group of managers and then rehired them at his new company.
February 23
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At least six legal actions are currently pending against Planet Home Lending for failing to protect customer data in November 2023.
February 22
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Ahead of Sprout's bankruptcy, at least $27 million was transferred from its accounts to entities owned by Michael Strauss and accounts for his family, a new filing alleges.
February 21
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Litigation in the mortgage industry sees lenders and servicers featuring as both plaintiffs and defendants.
February 20 -
The wholesale lender wants its logo removed from the Facebook page and for Ramon Walker, the creator of the page and owner of Client Direct Mortgage, to pay over $100,000 in outstanding EPO.
February 19
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A deal between consumers and a Multiple Listing Service doesn't solve the issue of buyer brokers "steering" clients to listings with higher commissions, lawyers for the government said.
February 16
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The New York-based firm said a hack last August compromised the personal identifiable information of 10,835 customers.
February 16
