Law and legal issues

The defendant has breached its "loan and security agreements and [Hometown founder Billy] Taylor has defaulted under his guaranty," the bank said.

At least two legal actions have been filed in a Texas federal court.

A final hearing on the decision in the suit regarding convenience fees will take place early next year.

One large bank accused the former lender of commingling mortgagor payments in its general operating accounts instead of delivering those funds to a lockbox.

The Ohio-based lender has been a party in at least four such complaints and has settled two, including a larger claim against it from Caliber Home Loans.

The mortgage shop is accusing Tammy Richards of breaching her contract by allegedly stealing customer loan information.

Direct-to-consumer lenders and iBuyers could be beneficiaries of any rule changes, analysts say.

The association is grappling with potentially existential threats as major brokerages pull out of the group and a set of lawsuits threatens to squeeze the association and its members.

The resolution ends the firm's brief challenge to feds over its designation to utilize more flexible underwriting as it meets underserved borrower thresholds.

The lead attorney for plaintiffs filed a new complaint Tuesday against six more brokerages, seeking rule changes and damages for home sellers nationwide.