Law and legal issues

Some vendors' voice agents have quoted "outrageously low" interest rates to consumers, among other potential violations, according to one expert.

Originators of the clean energy loans will have to follow stricter lending laws, a move that program administrators say will hike costs and reduce funding.

The Public Interest Law Center filed an amicus curiae brief arguing against a joint motion to end a redlining agreement early against Lakeland Bank.

Hundreds of E Mortgage Capital employees, including loan officers, can opt-in to the complaint accusing the company of failing to pay them for overtime.

Unison faces allegations it operates as an unlicensed mortgage lender with misleading marketing that drives homeowners into high-risk "no-debt" contracts.

A Washington court denied a plaintiff request, pointing to past Supreme Court rulings that showed a compelling interest for the state's special-purpose credit program.

The homebuilder and lender DHI Mortgage, in responding to a RICO suit, say they clearly informed buyers of potential property tax hikes on their newly built homes.

Houston developer Colony Ridge Development agreed to resolve allegations that it operated a bait-and-switch scheme targeting Hispanic immigrants that led to massive foreclosures.

The class action lawsuit, which picks up from a lingering 2022 case, says over 787,000 plaintiffs across 36 states were unfairly charged a combined $15 million.

The real estate industry has paid over $1 billion in combined settlements in the longstanding cases from home sellers challenging commissions payments.

The Government Accountability Office was tasked with investigating the Consumer Financial Protection Bureau's stop-work order, but CFPB officials refused to meet with or provide information to Congress' investigative arm.

State regulators and attorneys general could be picking up the gauntlet on anti-kickback provision enforcement, especially in the mid-Atlantic states.

The lawsuit, which doesn't target UWM, accuses the REIT's CEO and board of directors of suspicious stock sales around the December announcement.

The lender isn't accusing United Wholesale Mortgage of wrongdoing, but says a broker secured loans for the same customers from both companies weeks apart.

The mortgage lender will also conduct its own independent audit to determine if any further instances of unlicensed activity occurred after 2022.

Michael Strauss faces massive Sprout liabilities as his wife and a former associate launch a new mortgage firm, raising questions about ties to the fallen lender.

The high court, without comment, refused Emigrant Mortgage's appeal of a verdict holding it liable for no income, no asset verification loans to minorities.

The reverse mortgage companies squeezed thousands of dollars out of aging homeowners through various illegal fees, according to a new class action suit.

The judge said Nexa CEO Mike Kortas' testimony lacked credibility, ruling that $350,000 transferred to Platinum One was an investment, not loan.

A Massachusetts borrower sued the servicer last year after she was surprised with a $200,000 mortgage bill, after 16 years of not receiving statements.