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Mortgage industry veteran David Stevens testified Thursday in the proceedings expected to last at least one more week.
October 30
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The mortgage broker must stop doing business in Washington state because of its failure to pass through FHA mortgage insurance payments.
October 27
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Banks and dissenting policymakers have raised the possibility of challenging regulators' Community Reinvestment Act overhaul in court, but it remains unclear whether they intend to walk the walk.
October 25
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Mortgage borrowers alleged in U.S. District Court that the servicer applied funds in the wrong order and charged unnecessary interest.
October 24 -
The complaint pins the incident on a former area sales manager and a loan officer who continues to work in the same Ohio market.
October 24
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The suit alleges RESPA violations were committed a decade ago at the company, which is now owned by Mr, Cooper.
October 20 -
The bank argues federal law preempts a New York state statute requiring at least 2% interest payments on borrowers' accounts.
October 16
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While the complaint over an alleged improper firing also paints two C-suite leaders in a negative light, company representatives described the allegations as baseless.
October 16
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Proceeds from the sale of assets to Oaktree Funding would be used to pay off debt to warehouse lenders
October 11
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"It is in your best interest for us to terminate your employment effective immediately," wrote the company's CEO in an email to his employees Friday.
October 11
