Law and legal issues

A complicating factor is that many consumers do not understand how their real estate agent – on either the buy- or sell-side – actually gets paid, Clever Real Estate found.

The defendant has breached its "loan and security agreements and [Hometown founder Billy] Taylor has defaulted under his guaranty," the bank said.

At least two legal actions have been filed in a Texas federal court.

A final hearing on the decision in the suit regarding convenience fees will take place early next year.

One large bank accused the former lender of commingling mortgagor payments in its general operating accounts instead of delivering those funds to a lockbox.

The Ohio-based lender has been a party in at least four such complaints and has settled two, including a larger claim against it from Caliber Home Loans.

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