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At least six legal actions are currently pending against Planet Home Lending for failing to protect customer data in November 2023.
February 22
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Ahead of Sprout's bankruptcy, at least $27 million was transferred from its accounts to entities owned by Michael Strauss and accounts for his family, a new filing alleges.
February 21
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Litigation in the mortgage industry sees lenders and servicers featuring as both plaintiffs and defendants.
February 20
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The wholesale lender wants its logo removed from the Facebook page and for Ramon Walker, the creator of the page and owner of Client Direct Mortgage, to pay over $100,000 in outstanding EPO.
February 19
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A deal between consumers and a Multiple Listing Service doesn't solve the issue of buyer brokers "steering" clients to listings with higher commissions, lawyers for the government said.
February 16
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The New York-based firm said a hack last August compromised the personal identifiable information of 10,835 customers.
February 16
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The lender is suing Flashhouse LLC over claims the real estate technology company's platform, fello, copied mello's logo and name.
February 16
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The wholesale giant meanwhile is suing four partners for selling loans to Rocket Mortgage and Fairway Independent Mortgage Corp., in violation of its 2021 decree.
February 8
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The original lawsuit was one of several filed in 2014 in a coordinated effort among federal and state regulators aimed at fraudsters trying to cheat distressed mortgage borrowers.
February 8
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Banks historically have been averse to challenging their regulators in court, but a suit over the recently finalized Community Reinvestment Act implementation rules is a signal that the times have changed.
February 7
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Both lenders disclosed their systems were accessed and customer data was leaked.
February 7
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James Seely, once the division vice president of the company's Northeast region, is seeking $750,000 from Guild Mortgage
February 7
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The Independent Community Bankers of America, American Bankers Association and other groups filed a lawsuit arguing that recent reforms to implementing regulations for the Community Reinvestment Act exceed statutory authority.
February 5
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First National Bank of Pennsylvania, a unit of FNB Corp., ran into trouble in connection with North Carolina operations it acquired from Yadkin Financial in 2017.
February 5
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It's possible that the remaining litigation could be resolved by mid-year, wrote Keefe, Bruyette and Woods analyst Ryan Tomasello
February 2
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The lending giant has attempted to dismiss the case arguing in December that a Reddit-fueled meme stock trading frenzy impacted its stock price during the period in question.
February 2
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A regulator claims Freedom Mortgage's bad data in 2020 violated a consent order the company signed a year earlier for intentional misrepresentations.
February 2
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The megabank failed to adequately protect and reimburse customers who were victims of wire-transfer fraud, according to a lawsuit by the New York Attorney General. Citi said that it follows all relevant laws and regulations.
January 30
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Strategies used to falsify identities and property ownership highlight a public assistance vulnerability that could have implications for the mortgage industry.
January 30
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Over 70 loans were allegedly sent to competitors by the independent mortgage banker, a suit filed by UWM alleges.
January 30
