Law and legal issues

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.

Mortgage industry veteran David Stevens testified Thursday in the proceedings expected to last at least one more week.

The mortgage broker must stop doing business in Washington state because of its failure to pass through FHA mortgage insurance payments.

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.

Mortgage borrowers alleged in U.S. District Court that the servicer applied funds in the wrong order and charged unnecessary interest.

The complaint pins the incident on a former area sales manager and a loan officer who continues to work in the same Ohio market.

The suit alleges RESPA violations were committed a decade ago at the company, which is now owned by Mr, Cooper.

The bank argues federal law preempts a New York state statute requiring at least 2% interest payments on borrowers' accounts.

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.

Proceeds from the sale of assets to Oaktree Funding would be used to pay off debt to warehouse lenders

"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.

The lender disclosed multimillion dollar bonuses to executives last week amid reports that it laid off staff following its Wall Street debut.

Federal housing authorities persuaded Texas Capital Bancshares to help with the fallout from a bankrupt reverse-mortgage provider, then went back on their promises of financial support, the company says in a new lawsuit.

In a case challenging the funding of the Consumer Financial Protection Bureau, justices across the political spectrum questioned where — and whether — the Constitution placed limits on Congress' power to delegate funding for federal agencies outside of annual appropriations.

Donald Trump wanted to get higher on the Forbes billionaires list and save a fortune on loan terms by overvaluing his properties, according to documents presented by New York Attorney General Letitia James at the former president's civil fraud trial. 

The high court will hear oral arguments on Oct. 3 on whether the Consumer Financial Protection Bureau's funding violates the Appropriations clause. A key issue is whether parameters can be placed around Congress' authority over the federal purse strings.