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Under settlements with the SEC, Wells Fargo and BNP Paribas will pay millions of dollars in penalties for employees using unofficial communications like WhatsApp. In all 11 firms agreed to pay penalties, while the CFTC took separate actions.
August 8
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The number of loan officers sponsored by the company has dipped by more than half to 169 originators from June to July, per NMLS. More are said to be leaving.
August 8
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Lender Toolkit provides services to support ICE Mortgage Technology's Encompass platform, along with artificial intelligence software.
August 7
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The alleged scam targeted elderly Vietnamese-American homeowners in California and fooled banks into distributing illicit funds to the perpetrators.
August 4
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A Texas judge dealt the Consumer Financial Protection Bureau a setback that has changed the bureau's calculus for furthering its near-term agenda. But an ambitious Supreme Court could also call all of the bureau's final rules into question.
August 4
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The owner of Tri-Emerald Financial Group claimed unregistered securities it was offering would increase in value by more than tenfold before an eventual Nasdaq listing.
July 28
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The mortgage industry may be largely in the dark about the process, which could save homeowners potentially thousands of dollars a year.
July 27
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A New Jersey federal jury sided with the subservicer's claims that the lender "fraudulently" took this sum in May 2016 when it was transferring back its portfolio.
July 25
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The lender agreed to pay $502,000 to put to rest allegations it violated the Garden State's consumer protection laws.
July 21
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Plaintiffs accuse the NAR and the multiple listing services of antitrust violations because of rules around shared broker compensation fees.
July 21
