Law and legal issues

A decline in a branch manager's volume led to allegations he shared customer data with his wife, who joined rival American Pacific Mortgage.

The suit accuses Wells Fargo of digital redlining via its proprietary underwriting system from 2018 to 2022.

A Texas federal court ruled that borrowers suing Mr. Cooper over its data breach in 2023 had "sufficiently alleged injury," thus refusing to dismiss parts of the case.

Shellpoint Mortgage Servicing said it "unfortunately" ok'd the transaction when an individual posed as a homeowner using state and federal identifications.

Lenders and servicers must determine how quickly to act as some legislators look to enable the move a key regulator has ordered while others urge deliberation.

The lender said it would pay $500 for each referral from a North Carolina brokerage that it signed a co-marketing agreement with, according to new lawsuits.

The battle between the industry giants over exclusive listings is the latest tussle in the space beset by infighting following last year's major rule changes.

The leading lenders have hinted at more serious accusations in the lawsuit focusing on the departure of nearly two dozen employees earlier this year.

Judge Sparkle Sooknanan granted the National Fair Housing Alliance a temporary restraining order which requires HUD to resume distribution of enforcement funds.

The company identified opportunities and challenges amid market disruption in the quarter and revealed expansion in some mortgage-related business lines.