Law and legal issues

Equity is entitled to a little over $70,000 worth of damages.

UWM kicked off the new year as the number one lender in the U.S. in overall and wholesale production as well as purchase mortgage originations, but it has not been all smooth sailing.

As part of the settlement, Loandepot will beef up its appraisal policies and practices, it announced.

The defunct company has agreed to pay deferred compensation and transfer back a building to the father and son duo who sued in August.

Loan officers expressed concerns about stepping on the toes of their referral partners.

The Los Angeles venue accuses the lender and another defendant of failing to pay nearly $300,000 in licensing for a stadium lounge table and seats.

Industry veterans are wary of prospective borrowers who can't pay for agents, and of compensation guidelines clashing with government mortgage lending programs.

The plaintiffs allege that the loan-mod errors in the case are different from the ones in two other proposed class-action lawsuits, which stem from a systems issue.

The broker argues it did not break any agreement because it never signed an amendment to UWM's ultimatum in 2022.

Malicious actors could be utilizing the same software that cybersecurity experts use to test a company's systems for vulnerabilities.

The pending agreement won't significantly impact commissions payments themselves, attorneys for the association said.

A legal action accuses the department of not automatically refunding mortgage insurance premiums when a borrower terminates their FHA-insured mortgage early.

Lee Cove, former divisional vice president at Caliber, is being accused of bringing over 150 employees to Cardinal Financial in 2022.

The attack is one of three major incidents the lender has suffered in the past three years.

Home sellers accuse the corporate giant, which owns HomeServices of America, of making billions of dollars in ill-gotten gains in 2023 alone.

Branch manager David Garofalo is accused of planning a ruse in which he and his colleagues joined AFC for two weeks to download $1,500 worth of credit reports and then left to start their own venture.

Top banking regulators reaffirmed their commitment to bolstering the Community Reinvestment Act despite a court challenge, emphasizing their personal dedication to seeing the rule implemented.

The root cause of the hack affecting over 5 million customers was an employee clicking on a link in a work-related search result, according to public case documents.

A proposed class action claims the broker company used the photographs and information of LOs not affiliated with the company as a means to drive traffic to its website.

A mixed-race couple claims a "whitewashed" valuation in 2023 returned a price 39% higher than the depository-approved result a year earlier.