Law and legal issues

Lawyers for the plaintiff maintain the companies should have been on notice of inadequate security measures after a reported data breach in 2022.

A cyber attack in late 2021 affected over 4 million consumers across three companies.

Alleged screenshots show the lender in text messages and emails encouraging the theft and dissection of the competitor's profit and loss model.

The mortgage giant alleges that District Lending flouted its 2021 ultimatum by sending at least 84 loans to either Rocket Mortgage or Fairway Independent Mortgage Corporation. It's seeking to recoup over $400,000.

A Connecticut-based couple sued the bank and Cavanaugh Appraisals, LLC for denying them a refinance in 2021 because of racial bias.

While plaintiffs allege there were misleading executive statements, the megalender pins early 2021 trading volatility on social media users briefly encouraged by the rocket emoji.

The magistrate ordered a fine and possible detainment for a former company president now working for another lender.

The judge also sealed a document in the lawsuit the AARP Foundation joined but the defendants still must produce fee codes in the proposed class action.

The lender has sued 59 former employees in state court to recoup over $4.3 million in combined sign-on bonuses.

The former mortgage professionals say they routinely worked nights and weekends in excess of 60 hours a week.

Brokerage giants, reeling from a billion-dollar judgment against them a month ago, face another major trial next year.

In 2019, the vendor accused the California-based originations and servicing shop of copying its mortgage processing system.

To date, all of the lawsuits accuse the servicer of failing to secure and safeguard customers personal identifiable information.

The case is the second filing in West Virginia this year involving similar fees, as courts and regulators nationwide look to crack down on the servicing practice.

A complicating factor is that many consumers do not understand how their real estate agent – on either the buy- or sell-side – actually gets paid, Clever Real Estate found.

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.