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Nearly half of sellers and buyers in a recent LendingTree survey said they didn't know what commission percentage their agent received in their most recent transaction.
February 29
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At issue is whether convenience fees for last-minute payments are governed by the Federal Debt Collection Practice Act, and if so, when they should be disclosed.
February 28
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Some legal experts say the U.S. Supreme Court justices appeared to favor national rules preempting state regulations in the Bank of America in a case regarding mortgage escrow accounts.
February 27
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If negotiations between Newrez and OneTrust Home Loans fall through, the court may then intervene.
February 27
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The mortgage lender is suing James Hecht, now CEO of OneTrust Home Lending, for organizing a ruse in which he fired a group of managers and then rehired them at his new company.
February 23
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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 -
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
